Prudential Bearish Moving Average Crossover Alert (PUK)
Today, shares of Prudential (NYSE:PUK) have fallen below their 10-day MA of $34.12 on a volume of 110K 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.
Over the past year, Prudential has traded in a range of $29.14 to $52.17 and is now at $34.02, 17% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.8%.
SmarTrend is tracking the current trend status for Prudential and will alert subscribers who have PUK in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses prudential