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Bullish Moving Average Cross by M&T Bank (MTB)

By Nick Russo

Today, shares of M&T Bank (NYSE:MTB) have crossed bullishly above their 10-day moving average of $117.61 on a volume of 128K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

M&T Bank share prices have moved between a 52-week high of $134.00 and a 52-week low of $100.07 and are now trading 20% above that low price at $119.92 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.3%.

SmarTrend is tracking the current trend status for M&T Bank and will alert subscribers who have MTB in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses m&t bank

Ticker(s): MTB