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Principal Financial Group Bullish Moving Average Crossover Alert (PFG)

By Shiri Gupta

Today, shares of Principal Financial Group (NYSE:PFG) have crossed bullishly above their 10-day moving average of $40.43 on a volume of 191K 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.

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 23% above that low price at $40.72 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has slid 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Principal Financial Group on June 14th, 2016 by issuing a Downtrend alert when the shares were trading at $41.54. Since that call, shares of Principal Financial Group have fallen 4.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Principal Financial Group

Ticker(s): PFG