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Itau Unibanco Holding SA Crosses Above its 10-day MA (ITUB)

By Shiri Gupta

Today, shares of Itau Unibanco Holding SA (NYSE:ITUB) have crossed bullishly above their 10-day moving average of $8.53 on a volume of 2.5 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Itau Unibanco Holding SA share prices have been bracketed by a low of $5.48 and a high of $12.93 and are now at $8.71, 59% above that low price. The 200-day and 50-day moving averages have moved 0.28% lower and 2.37% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Itau Unibanco Holding SA and will alert subscribers who have ITUB in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Itau Unibanco Holding SA

Ticker(s): ITUB