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

By Nick Russo

ING Groep (NYSE:ING) crossed over its 10-day moving average of $12.42 on a volume of 791K 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.

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 35% above that low price at $12.54 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.8%.

SmarTrend recommended that subscribers consider buying shares of ING Groep on August 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.41. Since that recommendation, shares of ING Groep have risen 7.4%. We continue to monitor ING for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ING Groep

Ticker(s): ING