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East West Bancorp Bullish Moving Average Crossover Alert (EWBC)

By Amy Schwartz

East West Bancorp (NASDAQ:EWBC) shares have crossed bullishly above their 10-day moving average of $36.01 on a volume of 159K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, East West Bancorp has traded in a range of $27.25 to $46.50 and is now at $36.78, 35% above that low. The 200-day and 50-day moving averages have moved 0.41% lower and 1.77% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in East West Bancorp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of East West Bancorp in search of a potential trend change.

Keywords: moving crosses east west bancorp

Ticker(s): EWBC