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Prudential Financial Crosses Above its 10-day MA (PRU)

By James Quinn

Prudential Financial (NYSE:PRU) crossed over its 10-day moving average of $76.23 on a volume of 476K 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.

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 $77.69 per share. Over the past week, 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 12.6%. 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

Ticker(s): PRU