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Comerica Bearish Moving Average Crossover Alert (CMA)

By Shiri Gupta

Today, shares of Comerica (NYSE:CMA) have fallen below their 10-day MA of $40.96 on a volume of 333K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Comerica share prices have moved between a 52-week high of $53.45 and a 52-week low of $30.48 and are now trading 34% above that low price at $40.78 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Comerica on June 13th, 2016 by issuing a Downtrend alert when the shares were trading at $43.79. Since that call, shares of Comerica have fallen 6.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Comerica

Ticker(s): CMA