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Bullish Moving Average Cross by Brookfield Asset Management (BAM)

By James Quinn

Today, shares of Brookfield Asset Management (NYSE:BAM) have advanced above their 10-day MA of $35.28 on a volume of 144K 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.

Over the past year, Brookfield Asset Management has traded in a range of $26.13 to $36.81 and is now at $35.45, 36% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Brookfield Asset Management. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Brookfield Asset Management in search of a potential trend change.

Keywords: moving crosses Brookfield Asset Management

Ticker(s): BAM