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Bullish Moving Average Cross by Bank Ny Mellon (BK)

By Shiri Gupta

Bank Ny Mellon (NYSE:BK) shares have crossed bullishly above their 10-day moving average of $52.46 on a volume of 415K shares. This may provide swing traders with 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 $35.72 to $54.59 and is now at $52.59, 47% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.0%.

SmarTrend is tracking the current trend status for Bank Ny Mellon and will alert subscribers who have BK in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses bank ny mellon

Ticker(s): BK