Prudential Financial Bearish Moving Average Crossover Alert (PRU)
Today, shares of Prudential Financial (NYSE:PRU) have crossed bearishly below their 10-day moving average of $78.56 on a volume of 390K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Prudential Financial share prices have moved between a 52-week high of $92.60 and a 52-week low of $57.19 and are now trading 33% above that low price at $76.06 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 0.2%.
SmarTrend recommended that subscribers consider buying shares of Prudential Financial on February 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.42. Since that recommendation, shares of Prudential Financial have risen 16.7%. We continue to monitor PRU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Prudential Financial