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Stifel Financial Bullish Moving Average Crossover Alert (SF)

By Amy Schwartz

Stifel Financial (NYSE:SF) shares have crossed bullishly above their 10-day moving average of $43.18 on a volume of 108K 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, Stifel Financial share prices have been bracketed by a low of $25.00 and a high of $59.93 and are now at $43.82, 75% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has slid 1.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Stifel Financial on May 17th, 2017 by issuing a Downtrend alert when the shares were trading at $45.55. Since that call, shares of Stifel Financial have fallen 5.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses stifel financial

Ticker(s): SF