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Santander Consum Crosses Above its 10-day MA (SC)

By Shiri Gupta

Santander Consum (NYSE:SC) shares have crossed bullishly above their 10-day moving average of $16.02 on a volume of 3.3 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Santander Consum have traded between a low of $9.48 and a high of $19.02 and are now at $17.98, which is 90% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.0% while the 200-day MA has slid 1.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Santander Consum on February 1st, 2018 by issuing a Downtrend alert when the shares were trading at $17.12. Since that call, shares of Santander Consum have fallen 8.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses santander consum

Ticker(s): SC