• Return to Headlines

Investment Technology Group Bullish Moving Average Crossover Alert (ITG)

By Shiri Gupta

Investment Technology Group (NYSE:ITG) shares have crossed bullishly above their 10-day moving average of $17.64 on a volume of 107K 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.

Investment Technology Group share prices have moved between a 52-week high of $29.88 and a 52-week low of $12.63 and are now trading 42% above that low price at $17.92 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Investment Technology Group on May 2nd, 2016 by issuing a Downtrend alert when the shares were trading at $19.58. Since that call, shares of Investment Technology Group have fallen 10.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses investment technology group

Ticker(s): ITG