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ING Groep Crosses Above its 10-day MA (ING)

By Shiri Gupta

ING Groep (NYSE:ING) shares have crossed bullishly above their 10-day moving average of $10.99 on a volume of 1.5 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

ING Groep share prices have moved between a 52-week high of $17.44 and a 52-week low of $9.26 and are now trading 24% above that low price at $11.44 per share. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 0.3%.

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

Keywords: moving crosses ING Groep

Ticker(s): ING