Bearish Moving Average Cross by CNO Financial (CNO)
Today, shares of CNO Financial (NYSE:CNO) have crossed bearishly below their 10-day moving average of $15.52 on a volume of 187K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
CNO Financial share prices have moved between a 52-week high of $20.88 and a 52-week low of $14.30 and are now trading 6% above that low price at $15.21 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.
SmarTrend recommended that its subscribers protect gains by selling shares of CNO Financial on June 13th, 2016 by issuing a Downtrend alert when the shares were trading at $18.93. Since that call, shares of CNO Financial have fallen 16.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses cno financial