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Brookfield Asset Management Crosses Above its 10-day MA (BAM)

By David Diaz

Brookfield Asset Management (NYSE:BAM) shares have crossed bullishly above their 10-day moving average of $36.15 on a volume of 123K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Brookfield Asset Management share prices have moved between a 52-week high of $37.52 and a 52-week low of $26.13 and are now trading 39% above that low price at $36.29 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Brookfield Asset Management. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Brookfield Asset Management in search of a potential trend change.

Keywords: moving crosses Brookfield Asset Management

Ticker(s): BAM