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Credit Suisse Group Crosses Below its 10-day MA (CS)

By James Quinn

Credit Suisse Group (NYSE:CS) shares have crossed bearishly below their 10-day moving average of $11.48 on a volume of 2.3 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Credit Suisse Group have traded between a low of $10.01 and a high of $29.99 and are now at $11.12, which is 11% above that low price. 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 its subscribers protect gains by selling shares of Credit Suisse Group on April 6th, 2016 by issuing a Downtrend alert when the shares were trading at $13.38. Since that call, shares of Credit Suisse Group have fallen 13.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses credit suisse group

Ticker(s): CS