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

By David Diaz

Today, shares of Capital One Financial (NYSE:COF) have crossed bearishly below their 10-day moving average of $67.70 on a volume of 2.9 million 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.

Capital One Financial share prices have moved between a 52-week high of $92.10 and a 52-week low of $58.03 and are now trading 15% above that low price at $66.54 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.6%.

SmarTrend is monitoring the recent change of momentum in Capital One Financial. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Capital One Financial in search of a potential trend change.

Keywords: moving crosses capital one financial

Ticker(s): COF