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Flagstar Bancorp Crosses Above its 10-day MA (FBC)

By Nick Russo

Flagstar Bancorp (NYSE:FBC) shares have crossed bullishly above their 10-day moving average of $35.72 on a volume of 145K 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.

Flagstar Bancorp share prices have moved between a 52-week high of $40.06 and a 52-week low of $29.61 and are now trading 21% above that low price at $35.89 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Flagstar Bancorp and will alert subscribers who have FBC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses flagstar bancorp

Ticker(s): FBC