CaixaBank (OTCMKTS:CAIXY) Shares Cross Above 50-Day Moving Average - What's Next?

Key Points

• CaixaBank shares surpassed their 50-day moving average of $3.26, reaching a trading high of $3.40.
• Wall Street analysts have mixed ratings for CaixaBank, with one analyst giving a Buy rating, three a Hold rating, and one a Sell rating, resulting in an average rating of "Hold."
• As of the latest trading, CaixaBank's stock has increased by 1.5% and its two-hundred day moving average stands at $2.88.

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.26 and traded as high as $3.40. CaixaBank shares last traded at $3.39, with a volume of 202,955 shares.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of CaixaBank in a report on Friday, August 8th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, CaixaBank has an average rating of "Hold".

CaixaBank Stock Up 1.5%

The stock's 50 day moving average is $3.26 and its two-hundred day moving average is $2.88.

About CaixaBank

CaixaBank, SA, together with its subsidiaries, provides various banking products and financial services in Spain and internationally. The company operates through Banking and Insurance, Equity Investments, and BPI segments. It also provides solutions related to security, protection, internationalization, and financing; traditional financial advice, independent advice, and broker services; asset management; liquidity management; capital markets, cash management, project finance, asset finance, and M&A services; and various financial services and solutions to public and private sector institutions, as well as distributes non-life and life risk insurance policies; and private banking services.

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