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Bearish Moving Average Cross by Citizens Financi (CFG)

By Amy Schwartz

Today, shares of Citizens Financi (NYSE:CFG) have crossed bearishly below their 10-day moving average of $40.27 on a volume of 395K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Citizens Financi has traded in a range of $31.51 to $48.23 and is now at $40.09, 27% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Citizens Financi on March 22nd, 2018 by issuing a Downtrend alert when the shares were trading at $43.70. Since that call, shares of Citizens Financi have fallen 7.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses citizens financi

Ticker(s): CFG