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Cathay General B Crosses Above its 10-day MA (CATY)

By Shiri Gupta

Today, shares of Cathay General B (NASDAQ:CATY) have crossed bullishly above their 10-day moving average of $35.39 on a volume of 164K 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, Cathay General B share prices have been bracketed by a low of $31.94 and a high of $43.53 and are now at $35.79, 12% above that low price. The 200-day and 50-day moving averages have moved 0.29% lower and 0.42% lower over the past week, respectively.

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