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Beacon Roofing S Bullish Moving Average Crossover Alert (BECN)

By David Diaz

Beacon Roofing S (NASDAQ:BECN) crossed over its 10-day moving average of $40.39 on a volume of 158K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Beacon Roofing S share prices have been bracketed by a low of $38.71 and a high of $66.47 and are now at $40.62, 5% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Beacon Roofing S on April 10th, 2018 by issuing a Downtrend alert when the shares were trading at $51.46. Since that call, shares of Beacon Roofing S have fallen 22.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses beacon roofing s

Ticker(s): BECN