Affiliated Managers (NYSE:AMG) shares have crossed bearishly below their 10-day moving average of $105.96 on a volume of 119K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
There is potential upside of 2.0% for shares of Affiliated Managers based on a current price of $104.64 and an average consensus analyst price target of $106.78. Affiliated Managers shares have support at the 50-day moving average (MA) of $98.85 and additional support at the 200-day MA of $94.33.
Affiliated Managers Group, Inc. is an asset management holding company. The Company acquires majority interests in mid-sized investment management firms.
In the past 52 weeks, shares of Affiliated Managers have traded between a low of $70.27 and a high of $113.00 and are now at $104.64, which is 49% above that low price. The 200-day and 50-day moving averages have moved 0.06% lower and 0.99% higher over the past week, respectively.
