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Franklin Res Inc Crosses Below its 10-day MA (BEN)

By Shiri Gupta

Today, shares of Franklin Res Inc (NYSE:BEN) have fallen below their 10-day MA of $32.25 on a volume of 225K 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.

In the past 52 weeks, Franklin Res Inc share prices have been bracketed by a low of $31.28 and a high of $47.65 and are now at $32.10, 3% above that low price. The 200-day and 50-day moving averages have moved 0.47% lower and 0.12% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Franklin Res Inc and will alert subscribers who have BEN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses franklin res inc

Ticker(s): BEN