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Bullish Moving Average Cross by Bank Ny Mellon (BK)

By David Diaz

Bank Ny Mellon (NYSE:BK) crossed over its 10-day moving average of $43.63 on a volume of 1.8 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Bank Ny Mellon has traded in a range of $42.12 to $55.70 and is now at $44.22, 5% above that low. The 200-day and 50-day moving averages have moved 0.27% lower and 0.86% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Bank Ny Mellon on May 9th, 2019 by issuing a Downtrend alert when the shares were trading at $47.53. Since that call, shares of Bank Ny Mellon have fallen 9.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses bank ny mellon

Ticker(s): BK