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Bullish Moving Average Cross by Ameriprise Finan (AMP)

By Nick Russo

Today, shares of Ameriprise Finan (NYSE:AMP) have advanced above their 10-day MA of $143.36 on a volume of 105K 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, Ameriprise Finan share prices have been bracketed by a low of $84.92 and a high of $183.90 and are now at $143.71, 69% above that low price. The 200-day and 50-day moving averages have moved 0.62% lower and 1.02% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Ameriprise Finan on January 31st, 2018 by issuing a Downtrend alert when the shares were trading at $170.61. Since that call, shares of Ameriprise Finan have fallen 17.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses ameriprise finan

Ticker(s): AMP