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Bearish Moving Average Cross by Metlife Inc (MET)

By Shiri Gupta

Today, shares of Metlife Inc (NYSE:MET) have fallen below their 10-day MA of $50.17 on a volume of 559K 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 Metlife Inc have traded between a low of $37.76 and a high of $50.94 and are now at $49.99, which is 32% above that low price. The 200-day and 50-day moving averages have moved 0.09% higher and 0.66% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Metlife Inc on April 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.34. Since that recommendation, shares of Metlife Inc have risen 11.0%. We continue to monitor MET for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses metlife inc

Ticker(s): MET