• Return to Headlines

Capital One Financial Bearish Moving Average Crossover Alert (COF)

By James Quinn

Today, shares of Capital One Financial (NYSE:COF) have crossed bearishly below their 10-day moving average of $71.16 on a volume of 589K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Capital One Financial share prices have been bracketed by a low of $58.03 and a high of $92.10 and are now at $70.59, 22% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.5%.

SmarTrend recommended that subscribers consider buying shares of Capital One Financial on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.55. Since that recommendation, shares of Capital One Financial have risen 6.1%. We continue to monitor COF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses capital one financial

Ticker(s): COF