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

By Amy Schwartz

Today, shares of M&T Bank (NYSE:MTB) have crossed bullishly above their 10-day moving average of $115.22 on a volume of 307K shares. Swing traders may find 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 M&T Bank have traded between a low of $100.07 and a high of $134.00 and are now at $115.50, which is 15% above that low price. The 200-day and 50-day moving averages have moved 0.26% lower and 0.66% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in M&T Bank. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of M&T Bank in search of a potential trend change.

Keywords: moving crosses m&t bank

Ticker(s): MTB