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Bearish Moving Average Cross by Investors Bancor (ISBC)

By Amy Schwartz

Investors Bancor (NASDAQ:ISBC) crossed under its 10-day moving average of $11.14 on a volume of 1.4 million shares. Swing traders may find 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 Investors Bancor have traded between a low of $9.94 and a high of $14.69 and are now at $10.78, which is 8% above that low price. The 200-day and 50-day moving averages have moved 0.13% lower and 0.09% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Investors Bancor and will alert subscribers who have ISBC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses investors bancor

Ticker(s): ISBC