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Old National Bancorp Crosses Below its 10-day MA (ONB)

By Shiri Gupta

Today, shares of Old National Bancorp (NYSE:ONB) have fallen below their 10-day MA of $13.08 on a volume of 692K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Old National Bancorp share prices have been bracketed by a low of $10.69 and a high of $15.00 and are now at $12.96, 21% above that low price. The 200-day and 50-day moving averages have moved 0.26% lower and 1.70% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Old National Bancorp on March 30th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.30. Since that recommendation, shares of Old National Bancorp have risen 8.9%. We continue to monitor ONB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses old national bancorp

Ticker(s): ONB