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Bullish Moving Average Cross by Capital One Financial (COF)

By James Quinn

Today, shares of Capital One Financial (NYSE:COF) have crossed bullishly above their 10-day moving average of $78.59 on a volume of 468K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Capital One Financial share prices have moved between a 52-week high of $96.92 and a 52-week low of $58.03 and are now trading 36% above that low price at $78.91 per share. The 200-day and 50-day moving averages have moved 0.55% lower and 0.56% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Capital One Financial on April 28th, 2017 by issuing a Downtrend alert when the shares were trading at $81.04. Since that call, shares of Capital One Financial have fallen 3.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses capital one financial

Ticker(s): COF