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Broadridge Financial Solutions Bearish Moving Average Crossover Alert (BR)

By Nick Russo

Broadridge Financial Solutions (NYSE:BR) crossed under its 10-day moving average of $63.87 on a volume of 221K 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.

In the past 52 weeks, shares of Broadridge Financial Solutions have traded between a low of $48.56 and a high of $66.05 and are now at $63.72, which is 31% above that low price. The 200-day and 50-day moving averages have moved 0.24% higher and 0.54% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Broadridge Financial Solutions on February 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $53.53. Since that recommendation, shares of Broadridge Financial Solutions have risen 20.4%. We continue to monitor BR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses broadridge financial solutions

Ticker(s): BR