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

By Nick Russo

Today, shares of Itau Unibanco Holding SA (NYSE:ITUB) have fallen below their 10-day MA of $12.30 on a volume of 15.6 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Itau Unibanco Holding SA have traded between a low of $5.48 and a high of $13.65 and are now at $10.60, which is 93% 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