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Discover Financi Crosses Above its 10-day MA (DFS)

By Amy Schwartz

Discover Financi (NYSE:DFS) shares have crossed bullishly above their 10-day moving average of $35.36 on a volume of 657K 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, Discover Financi has traded in a range of $23.25 to $92.98 and is now at $38.20, 64% above that low. The 200-day and 50-day moving averages have moved 1.43% lower and 8.09% lower over the past week, respectively.

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

Keywords: moving crosses discover financi

Ticker(s): DFS