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Bullish Moving Average Cross by Deutsche Bank (DB)

By Amy Schwartz

Today, shares of Deutsche Bank (NYSE:DB) have advanced above their 10-day MA of $15.84 on a volume of 2.3 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Deutsche Bank share prices have been bracketed by a low of $14.13 and a high of $35.38 and are now at $16.39, 16% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 1.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Deutsche Bank on May 5th, 2016 by issuing a Downtrend alert when the shares were trading at $16.72. Since that call, shares of Deutsche Bank have fallen 6.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Deutsche Bank

Ticker(s): DB