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Ofg Bancorp Crosses Above its 10-day MA (OFG)

By Amy Schwartz

Today, shares of Ofg Bancorp (NYSE:OFG) have advanced above their 10-day MA of $19.61 on a volume of 117K 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, shares of Ofg Bancorp have traded between a low of $11.60 and a high of $21.64 and are now at $19.86, which is 71% above that low price. The 200-day and 50-day moving averages have moved 0.45% higher and 0.1% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Ofg Bancorp on January 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.39. Since that recommendation, shares of Ofg Bancorp have risen 11.2%. We continue to monitor OFG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ofg bancorp

Ticker(s): OFG