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Cathay General B Bullish Moving Average Crossover Alert (CATY)

By David Diaz

Cathay General B (NASDAQ:CATY) shares have crossed bullishly above their 10-day moving average of $41.28 on a volume of 361K 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.

In the past 52 weeks, shares of Cathay General B have traded between a low of $34.00 and a high of $45.59 and are now at $42.31, which is 24% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Cathay General B and will alert subscribers who have CATY in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses cathay general b

Ticker(s): CATY