Prudential Financial Bearish Moving Average Crossover Alert (PRU)
Prudential Financial (NYSE:PRU) crossed under its 10-day moving average of $78.52 on a volume of 416K 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.
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 36% above that low price at $77.85 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.3%.
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 $67.41. Since that recommendation, shares of Prudential Financial have risen 17.6%. 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