Manulife Financial Crosses Below its 10-day MA (MFC)
Manulife Financial (NYSE:MFC) shares have crossed bearishly below their 10-day moving average of $13.65 on a volume of 755K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Manulife Financial share prices have moved between a 52-week high of $19.61 and a 52-week low of $10.99 and are now trading 21% above that low price at $13.32 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has slid 0.5%.
SmarTrend is monitoring the recent change of momentum in Manulife Financial. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Manulife Financial in search of a potential trend change.
Keywords: moving crosses Manulife Financial