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Bearish Moving Average Cross by Principal Financial Group (PFG)

By David Diaz

Principal Financial Group (NYSE:PFG) shares have crossed bearishly below their 10-day moving average of $62.57 on a volume of 108K 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.

Over the past year, Principal Financial Group has traded in a range of $33.09 to $64.65 and is now at $62.27, 88% above that low. The 200-day and 50-day moving averages have moved 0.47% lower and 1.05% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Principal Financial Group. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Principal Financial Group in search of a potential trend change.

Keywords: moving crosses Principal Financial Group

Ticker(s): PFG