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Principal Financial Group Bearish Moving Average Crossover Alert (PFG)

By James Quinn

Principal Financial Group (NYSE:PFG) shares have crossed bearishly below their 10-day moving average of $52.11 on a volume of 362K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Principal Financial Group share prices have moved between a 52-week high of $58.02 and a 52-week low of $33.09 and are now trading 56% above that low price at $51.55 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Principal Financial Group on July 15th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.28. Since that recommendation, shares of Principal Financial Group have risen 19.1%. We continue to monitor PFG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Principal Financial Group

Ticker(s): PFG