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Bearish Moving Average Cross by MetLife (MET)

By Nick Russo

MetLife (NYSE:MET) crossed under its 10-day moving average of $45.06 on a volume of 2.1 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

MetLife share prices have moved between a 52-week high of $58.23 and a 52-week low of $35.00 and are now trading 28% above that low price at $44.79 per share. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 1.0%.

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

Keywords: moving crosses MetLife

Ticker(s): MET