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Bullish Moving Average Cross by First Republic B (FRC)

By Amy Schwartz

Today, shares of First Republic B (NYSE:FRC) have crossed bullishly above their 10-day moving average of $83.22 on a volume of 126K 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.

Over the past year, First Republic B has traded in a range of $70.06 to $122.34 and is now at $87.41, 25% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 3.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of First Republic B on February 26th, 2020 by issuing a Downtrend alert when the shares were trading at $109.41. Since that call, shares of First Republic B have fallen 25.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses first republic b

Ticker(s): FRC