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

By James Quinn

Franklin Res Inc (NYSE:BEN) crossed under its 10-day moving average of $33.39 on a volume of 326K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Franklin Res Inc has traded in a range of $27.34 to $35.82 and is now at $32.79, 20% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

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

Keywords: moving crosses franklin res inc

Ticker(s): BEN