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

By Nick Russo

Brookfield Asset Management (NYSE:BAM) shares have crossed bullishly above their 10-day moving average of $34.10 on a volume of 232K 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, shares of Brookfield Asset Management have traded between a low of $26.13 and a high of $36.81 and are now at $34.48, which is 32% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

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