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

By Amy Schwartz

East West Bancorp (NASDAQ:EWBC) shares have crossed bullishly above their 10-day moving average of $54.68 on a volume of 208K shares. This may provide short-term investors a chance 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 $57.24 and is now at $55.54, 104% above that low. 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 tracking the current trend status for East West Bancorp and will alert subscribers who have EWBC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses east west bancorp

Ticker(s): EWBC