Prudential Financial Bullish Moving Average Crossover Alert (PRU)
Prudential Financial (NYSE:PRU) shares have crossed bullishly above their 10-day moving average of $78.86 on a volume of 411K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, Prudential Financial share prices have been bracketed by a low of $57.19 and a high of $92.60 and are now at $79.36, 39% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has slid 0.3%.
SmarTrend recommended that subscribers consider buying shares of Prudential Financial on July 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.72. Since that recommendation, shares of Prudential Financial have risen 3.9%. 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