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Bearish Moving Average Cross by Pinnacle Finl (PNFP)

By David Diaz

Today, shares of Pinnacle Finl (NASDAQ:PNFP) have fallen below their 10-day MA of $62.52 on a volume of 134K 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, Pinnacle Finl share prices have been bracketed by a low of $58.40 and a high of $69.95 and are now at $62.20, 7% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

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

Keywords: moving crosses pinnacle finl

Ticker(s): PNFP