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Prudential Financial Bearish Moving Average Crossover Alert (PRU)

By Nick Russo

Prudential Financial (NYSE:PRU) shares have crossed bearishly below their 10-day moving average of $105.35 on a volume of 158K 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 Financial has traded in a range of $57.19 to $114.55 and is now at $103.95, 82% above that low. The 200-day and 50-day moving averages have moved 0.3% lower and 1.31% higher over the past week, respectively.

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

Keywords: moving crosses Prudential Financial

Ticker(s): PRU