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Bullish Moving Average Cross by Barclays (BCS)

By James Quinn

Today, shares of Barclays (NYSE:BCS) have advanced above their 10-day MA of $8.02 on a volume of 6.3 million 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.

In the past 52 weeks, shares of Barclays have traded between a low of $6.76 and a high of $18.05 and are now at $8.33, which is 23% above that low price. The 200-day and 50-day moving averages have moved 1.21% lower and 0.44% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Barclays on June 24th, 2016 by issuing a Downtrend alert when the shares were trading at $8.66. Since that call, shares of Barclays have fallen 9.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses barclays

Ticker(s): BCS