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

By Shiri Gupta

Today, shares of M&T Bank Corp (NYSE:MTB) have crossed bearishly below their 10-day moving average of $166.18 on a volume of 123K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, M&T Bank Corp has traded in a range of $133.78 to $187.07 and is now at $166.04, 24% above that low. The 200-day and 50-day moving averages have moved 0.01% lower and 0.02% higher over the past week, respectively.

SmarTrend is tracking the current trend status for M&T Bank Corp and will alert subscribers who have MTB in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses m&t bank corp

Ticker(s): MTB