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Bearish Moving Average Cross by Prudentl Finl (PRU)

By Nick Russo

Prudentl Finl (NYSE:PRU) shares have crossed bearishly below their 10-day moving average of $101.12 on a volume of 287K 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.

Over the past year, Prudentl Finl has traded in a range of $95.83 to $127.14 and is now at $100.28, 5% above that low. The 200-day and 50-day moving averages have moved 0.15% lower and 0.41% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Prudentl Finl on February 1st, 2018 by issuing a Downtrend alert when the shares were trading at $119.49. Since that call, shares of Prudentl Finl have fallen 14.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses prudentl finl

Ticker(s): PRU