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Royal Bank of Scotland Crosses Below its 10-day MA (RBS)

By Shiri Gupta

Today, shares of Royal Bank of Scotland (NYSE:RBS) have fallen below their 10-day MA of $6.59 on a volume of 6.9 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Royal Bank of Scotland share prices have moved between a 52-week high of $11.63 and the current low of $5.77 and are currently at $6.09 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 1.1%.

SmarTrend is monitoring the recent change of momentum in Royal Bank of Scotland. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Royal Bank of Scotland in search of a potential trend change.

Keywords: moving crosses Royal bank of Scotland

Ticker(s): RBS