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Principal Financial Group Crosses Above its 10-day MA (PFG)

By Amy Schwartz

Today, shares of Principal Financial Group (NYSE:PFG) have crossed bullishly above their 10-day moving average of $62.80 on a volume of 128K 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.

Over the past year, Principal Financial Group has traded in a range of $33.09 to $64.65 and is now at $62.90, 90% above that low. 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