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

By Shiri Gupta

Today, shares of Brookfield Asset Management (NYSE:BAM) have fallen below their 10-day MA of $33.80 on a volume of 383K 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, Brookfield Asset Management share prices have been bracketed by a low of $26.13 and a high of $36.81 and are now at $33.37, 28% 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 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