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Bullish Moving Average Cross by Bank of Nova Scotia (BNS)

By Shiri Gupta

Today, shares of Bank of Nova Scotia (NYSE:BNS) have crossed bullishly above their 10-day moving average of $48.55 on a volume of 184K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Bank of Nova Scotia share prices have moved between a 52-week high of $55.65 and a 52-week low of $35.01 and are now trading 40% above that low price at $48.88 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.6%.

SmarTrend is tracking the current trend status for Bank of Nova Scotia and will alert subscribers who have BNS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses bank of nova scotia

Ticker(s): BNS