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Bearish Moving Average Cross by Credit Suisse Group (CS)

By Amy Schwartz

Today, shares of Credit Suisse Group (NYSE:CS) have fallen below their 10-day MA of $14.38 on a volume of 890K 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, Credit Suisse Group has traded in a range of $10.01 to $29.99 and is now at $14.27, 43% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for Credit Suisse Group and will alert subscribers who have CS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses credit suisse group

Ticker(s): CS