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M&T Bank Corp Crosses Above its 10-day MA (MTB)

By Shiri Gupta

Today, shares of M&T Bank Corp (NYSE:MTB) have advanced above their 10-day MA of $157.15 on a volume of 197K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, M&T Bank Corp has traded in a range of $133.78 to $179.96 and is now at $157.86, 18% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.9%.

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

Keywords: moving crosses m&t bank corp

Ticker(s): MTB