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Bearish Moving Average Cross by Federated Inv-B (FII)

By David Diaz

Today, shares of Federated Inv-B (NYSE:FII) have crossed bearishly below their 10-day moving average of $33.83 on a volume of 185K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Federated Inv-B have traded between a low of $24.52 and a high of $36.76 and are now at $33.62, which is 37% above that low price. The 200-day and 50-day moving averages have moved 0.21% lower and 1.45% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Federated Inv-B and will alert subscribers who have FII in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses federated inv-b

Ticker(s): FII