VLY Crosses Above Key Moving Average Level

By DividendChannel.com,

Shutterstock photo

In trading on Friday, shares of Valley National Bancorp (Symbol: VLY) crossed above their 200 day moving average of $10.04, changing hands as high as $10.05 per share. Valley National Bancorp shares are currently trading up about 0.9% on the day. The chart below shows the one year performance of VLY shares, versus its 200 day moving average: Valley National Bancorp 200 Day Moving Average Chart

Looking at the chart above, VLY's low point in its 52 week range is $8.82 per share, with $10.81 as the 52 week high point - that compares with a last trade of $10.05.

According to the ETF Finder at ETF Channel, VLY makes up 1.92% of the SPDR S&P Bank ETF (Symbol: KBE) which is trading higher by about 0.7% on the day Friday.

Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Options
Referenced Stocks: VLY , KBE

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