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

By James Quinn

Ofg Bancorp (NYSE:OFG) crossed over its 10-day moving average of $15.63 on a volume of 330K 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.

In the past 52 weeks, Ofg Bancorp share prices have been bracketed by a low of $7.80 and a high of $17.75 and are now at $16.88, 116% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has declined 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Ofg Bancorp on October 1st, 2018 by issuing a Downtrend alert when the shares were trading at $16.01. Since that call, shares of Ofg Bancorp have fallen 5.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses ofg bancorp

Ticker(s): OFG