Comerica Crosses Above its 10-day MA (CMA)
Comerica (NYSE:CMA) shares have crossed bullishly above their 10-day moving average of $46.51 on a volume of 152K 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.
Over the past year, Comerica has traded in a range of $30.48 to $53.45 and is now at $46.92, 54% above that low. The 200-day and 50-day moving averages have moved 0.27% lower and 1.79% higher over the past week, respectively.
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 6.4%. We continue to monitor CMA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Comerica