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Mitsubishi UFJ Financial Group Crosses Above its 10-day MA (MTU)

By James Quinn

Mitsubishi UFJ Financial Group (NYSE:MTU) shares have crossed bullishly above their 10-day moving average of $4.82 on a volume of 689K 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.

Over the past year, Mitsubishi UFJ Financial Group has traded in a range of $3.86 to $7.62 and is now at $5.03, 30% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.7%.

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

Keywords: moving crosses mitsubishi ufj financial group

Ticker(s): MTU