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M&T Bank Bearish Moving Average Crossover Alert (MTB)

By Shiri Gupta

Today, shares of M&T Bank (NYSE:MTB) have fallen below their 10-day MA of $118.17 on a volume of 169K 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.

Over the past year, M&T Bank has traded in a range of $100.07 to $134.00 and is now at $116.01, 16% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.7%.

SmarTrend is monitoring the recent change of momentum in M&T Bank. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of M&T Bank in search of a potential trend change.

Keywords: moving crosses m&t bank

Ticker(s): MTB