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Bearish Moving Average Cross by Prudential Financial (PRU)

By Shiri Gupta

Today, shares of Prudential Financial (NYSE:PRU) have crossed bearishly below their 10-day moving average of $108.04 on a volume of 250K 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.

In the past 52 weeks, Prudential Financial share prices have been bracketed by a low of $57.19 and a high of $114.55 and are now at $107.37, 88% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has slid 0.3%.

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

Keywords: moving crosses Prudential Financial

Ticker(s): PRU