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Principal Financial Group Bullish Moving Average Crossover Alert (PFG)

By James Quinn

Today, shares of Principal Financial Group (NYSE:PFG) have advanced above their 10-day MA of $42.36 on a volume of 222K 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.

In the past 52 weeks, Principal Financial Group share prices have been bracketed by a low of $33.09 and a high of $58.02 and are now at $43.18, 30% above that low price. Over the last five market days, 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 February 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.25. Since that recommendation, shares of Principal Financial Group have risen 10.0%. 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