Bullish Moving Average Cross by Macerich (MAC)
Today, shares of Macerich (NYSE:MAC) have crossed bullishly above their 10-day moving average of $82.95 on a volume of 157K 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.
In the past 52 weeks, Macerich share prices have been bracketed by a low of $71.82 and a high of $94.51 and are now at $83.10, 16% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.
SmarTrend is monitoring the recent change of momentum in Macerich. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Macerich in search of a potential trend change.
Keywords: moving crosses macerich