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Mb Financial Bullish Moving Average Crossover Alert (MBFI)

By Amy Schwartz

Mb Financial (NASDAQ:MBFI) crossed over its 10-day moving average of $44.26 on a volume of 2.7 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Mb Financial share prices have moved between a 52-week high of $50.28 and a 52-week low of $32.72 and are now trading 52% above that low price at $49.60 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Mb Financial and will alert subscribers who have MBFI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses mb financial

Ticker(s): MBFI