Credit Suisse Group Bearish Moving Average Crossover Alert (CS)
Today, shares of Credit Suisse Group (NYSE:CS) have fallen below their 10-day MA of $13.47 on a volume of 2.5 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Credit Suisse Group share prices have moved between a 52-week high of $29.99 and a 52-week low of $10.01 and are now trading 30% above that low price at $12.99 per share. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has advanced 0.8%.
SmarTrend recommended that subscribers consider buying shares of Credit Suisse Group on August 23rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.28. Since that recommendation, shares of Credit Suisse Group have risen 11.9%. We continue to monitor CS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses credit suisse group