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East West Bncrp Bullish Moving Average Crossover Alert (EWBC)

By Nick Russo

Today, shares of East West Bncrp (NASDAQ:EWBC) have crossed bullishly above their 10-day moving average of $67.64 on a volume of 125K 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.

In the past 52 weeks, East West Bncrp share prices have been bracketed by a low of $31.34 and a high of $69.25 and are now at $68.05, 117% above that low price. 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 Bncrp and will alert subscribers who have EWBC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses east west bncrp

Ticker(s): EWBC