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Popular Inc Crosses Below its 10-day MA (BPOP)

By Nick Russo

Popular Inc (NASDAQ:BPOP) shares have crossed bearishly below their 10-day moving average of $55.52 on a volume of 112K 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.

Popular Inc share prices have moved between a 52-week high of $58.99 and a 52-week low of $44.22 and are now trading 25% above that low price at $55.38 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

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

Keywords: moving crosses popular inc

Ticker(s): BPOP