• Return to Headlines

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

By David Diaz

Today, shares of East West Bancorp (NASDAQ:EWBC) have crossed bearishly below their 10-day moving average of $54.64 on a volume of 269K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower 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 $53.35, 96% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.8%.

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