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Brookfield Asset Management Bearish Moving Average Crossover Alert (BAM)

By James Quinn

Today, shares of Brookfield Asset Management (NYSE:BAM) have fallen below their 10-day MA of $37.86 on a volume of 416K 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 Brookfield Asset Management have traded between a low of $26.13 and a high of $38.99 and are now at $37.64, which is 44% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for Brookfield Asset Management and will alert subscribers who have BAM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Brookfield Asset Management

Ticker(s): BAM