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Principal Financial Group Bearish Moving Average Crossover Alert (PFG)

By Amy Schwartz

Principal Financial Group (NYSE:PFG) shares have crossed bearishly below their 10-day moving average of $63.68 on a volume of 174K 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.

In the past 52 weeks, Principal Financial Group share prices have been bracketed by a low of $33.09 and a high of $65.67 and are now at $62.53, 89% above that low price. The 200-day and 50-day moving averages have moved 0.47% lower and 1.05% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Principal Financial Group and will alert subscribers who have PFG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Principal Financial Group

Ticker(s): PFG