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Bgc Partners-A Bullish Moving Average Crossover Alert (BGCP)

By Nick Russo

Today, shares of Bgc Partners-A (NASDAQ:BGCP) have crossed bullishly above their 10-day moving average of $11.73 on a volume of 489K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Bgc Partners-A share prices have been bracketed by a low of $10.65 and a high of $16.97 and are now at $11.85, 11% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Bgc Partners-A on May 4th, 2018 by issuing a Downtrend alert when the shares were trading at $12.58. Since that call, shares of Bgc Partners-A have fallen 7.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses bgc partners-a

Ticker(s): BGCP