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Bullish Moving Average Cross by MetLife (MET)

By James Quinn

Today, shares of MetLife (NYSE:MET) have advanced above their 10-day MA of $43.09 on a volume of 1.2 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 MetLife have traded between a low of $35.00 and a high of $58.23 and are now at $43.33, which is 24% above that low price. The 200-day and 50-day moving averages have moved 0.56% lower and 1.02% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of MetLife on May 4th, 2016 by issuing a Downtrend alert when the shares were trading at $44.03. Since that call, shares of MetLife have fallen 4.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses MetLife

Ticker(s): MET