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Canadian Imperial Bank of Commerce Crosses Above its 10-day MA (CM)

By Amy Schwartz

Today, shares of Canadian Imperial Bank of Commerce (NYSE:CM) have crossed bullishly above their 10-day moving average of $75.06 on a volume of 212K 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.

Over the past year, Canadian Imperial Bank of Commerce has traded in a range of $56.29 to $82.60 and is now at $75.47, 34% above that low. The 200-day and 50-day moving averages have moved 0.20% higher and 1.36% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Canadian Imperial Bank of Commerce and will alert subscribers who have CM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses canadian imperial bank of commerce

Ticker(s): CM