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Discover Financi Bullish Moving Average Crossover Alert (DFS)

By David Diaz

Discover Financi (NYSE:DFS) shares have crossed bullishly above their 10-day moving average of $70.89 on a volume of 287K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Discover Financi has traded in a range of $50.32 to $81.93 and is now at $71.49, 42% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Discover Financi on March 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $75.10. Since that call, shares of Discover Financi have fallen 5.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses discover financi

Ticker(s): DFS