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

By Nick Russo

Today, shares of Ofg Bancorp (NYSE:OFG) have advanced above their 10-day MA of $11.91 on a volume of 129K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Ofg Bancorp has traded in a range of $7.60 to $14.47 and is now at $13.10, 72% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.4% while the 200-day MA has slid 0.3%.

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

Keywords: moving crosses ofg bancorp

Ticker(s): OFG