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Raymond James Crosses Below its 10-day MA (RJF)

By James Quinn

Raymond James (NYSE:RJF) crossed under its 10-day moving average of $85.09 on a volume of 590K 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.

In the past 52 weeks, shares of Raymond James have traded between a low of $69.11 and a high of $97.62 and are now at $83.19, which is 20% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

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

Keywords: moving crosses Raymond James

Ticker(s): RJF