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Comerica Bullish Moving Average Crossover Alert (CMA)

By Nick Russo

Comerica (NYSE:CMA) shares have crossed bullishly above their 10-day moving average of $45.36 on a volume of 158K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Comerica have traded between a low of $30.48 and a high of $53.45 and are now at $45.64, which is 50% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has slid 0.3%.

SmarTrend recommended that subscribers consider buying shares of Comerica on July 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.54. Since that recommendation, shares of Comerica have risen 3.8%. We continue to monitor CMA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Comerica

Ticker(s): CMA