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

By James Quinn

Capital One Financial (NYSE:COF) crossed under its 10-day moving average of $62.29 on a volume of 644K 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, shares of Capital One Financial have traded between a low of $58.03 and a high of $92.10 and are now at $60.99, which is 5% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Capital One Financial on May 6th, 2016 by issuing a Downtrend alert when the shares were trading at $68.93. Since that call, shares of Capital One Financial have fallen 8.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses capital one financial

Ticker(s): COF