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

By Shiri Gupta

Today, shares of Ofg Bancorp (NYSE:OFG) have crossed bullishly above their 10-day moving average of $14.89 on a volume of 118K shares. This may provide swing traders with 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 $7.80 to $15.90 and is now at $15.75, 102% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 1.1%.

SmarTrend is tracking the current trend status for Ofg Bancorp and will alert subscribers who have OFG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses ofg bancorp

Ticker(s): OFG