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MB Financial Crosses Above its 10-day MA (MBFI)

By James Quinn

Today, shares of MB Financial (NASDAQ:MBFI) have crossed bullishly above their 10-day moving average of $37.81 on a volume of 183K 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, MB Financial share prices have been bracketed by a low of $17.00 and a high of $39.50 and are now at $38.12, 124% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of MB Financial on June 30th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.62. Since that recommendation, shares of MB Financial have risen 5.5%. We continue to monitor MBFI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses mb financial

Ticker(s): MBFI