Bearish Moving Average Cross by Bank of the Ozarks (OZRK)
Bank of the Ozarks (NASDAQ:OZRK) shares have crossed bearishly below their 10-day moving average of $38.88 on a volume of 144K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Bank of the Ozarks has traded in a range of $29.14 to $54.96 and is now at $38.68, 33% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.3%.
SmarTrend is tracking the current trend status for Bank of the Ozarks and will alert subscribers who have OZRK in their portfolio or watchlist when shares have changed trend direction.
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