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Bullish Moving Average Cross by ING Groep (ING)

By Amy Schwartz

ING Groep (NYSE:ING) shares have crossed bullishly above their 10-day moving average of $16.91 on a volume of 734K 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 ING Groep have traded between a low of $9.26 and a high of $17.44 and are now at $17.09, which is 85% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of ING Groep on August 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.41. Since that recommendation, shares of ING Groep have risen 45.9%. We continue to monitor ING for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ING Groep

Ticker(s): ING