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FirstMerit Crosses Below its 10-day MA (FMER)

By Shiri Gupta

Today, shares of FirstMerit (NASDAQ:FMER) have fallen below their 10-day MA of $19.97 on a volume of 455K 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, FirstMerit has traded in a range of $15.33 to $23.15 and is now at $19.51, 27% above that low. The 200-day and 50-day moving averages have moved 0.13% higher and 0.96% higher over the past week, respectively.

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

Keywords: moving crosses FirstMerit

Ticker(s): FMER