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Capital One Financial Crosses Above its 10-day MA (COF)

By James Quinn

Today, shares of Capital One Financial (NYSE:COF) have crossed bullishly above their 10-day moving average of $72.27 on a volume of 477K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Capital One Financial has traded in a range of $58.03 to $92.10 and is now at $72.66, 25% above that low. The 200-day and 50-day moving averages have moved 0.55% lower and 0.56% higher over the past week, respectively.

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 6.6%. 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