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Bullish Moving Average Cross by Resource Capital (RSO)

By Amy Schwartz

Resource Capital (NYSE:RSO) crossed over its 10-day moving average of $8.26 on a volume of 570K 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, Resource Capital share prices have been bracketed by a low of $7.57 and a high of $17.72 and are now at $8.59, 13% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has slid 0.5%.

SmarTrend is tracking the current trend status for Resource Capital and will alert subscribers who have RSO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses resource capital

Ticker(s): RSO