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Bullish Moving Average Cross by ING Groep (ING)

By Nick Russo

Today, shares of ING Groep (NYSE:ING) have crossed bullishly above their 10-day moving average of $9.89 on a volume of 1.5 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 ING Groep have traded between a low of $9.26 and a high of $17.44 and are now at $10.07, which is 9% 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 is monitoring the recent change of momentum in ING Groep. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of ING Groep in search of a potential trend change.

Keywords: moving crosses ING Groep

Ticker(s): ING