Discover Financial Services Bullish Moving Average Crossover Alert (DFS)
Today, shares of Discover Financial Services (NYSE:DFS) have crossed bullishly above their 10-day moving average of $54.84 on a volume of 396K shares. Swing traders may find 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 Discover Financial Services have traded between a low of $42.86 and a high of $60.57 and are now at $54.97, which is 28% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Discover Financial Services on March 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $48.35. Since that recommendation, shares of Discover Financial Services have risen 12.6%. We continue to monitor DFS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses discover financial services