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Discover Financial Services Crosses Below its 10-day MA (DFS)

By James Quinn

Discover Financial Services (NYSE:DFS) shares have crossed bearishly below their 10-day moving average of $71.24 on a volume of 573K 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.

Discover Financial Services share prices have moved between a 52-week high of $74.33 and a 52-week low of $42.86 and are now trading 65% above that low price at $70.84 per share. The 200-day and 50-day moving averages have moved 0.15% lower and 1.39% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Discover Financial Services and will alert subscribers who have DFS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses discover financial services

Ticker(s): DFS