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East West Bancorp Crosses Above its 10-day MA (EWBC)

By David Diaz

Today, shares of East West Bancorp (NASDAQ:EWBC) have advanced above their 10-day MA of $55.48 on a volume of 302K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

East West Bancorp share prices have moved between a 52-week high of $57.24 and a 52-week low of $27.25 and are now trading 105% above that low price at $55.97 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has slid 0.4%.

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