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Bearish Moving Average Cross by Beazer Homes (BZH)

By David Diaz

Beazer Homes (NYSE:BZH) crossed under its 10-day moving average of $21.10 on a volume of 304K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Beazer Homes share prices have been bracketed by a low of $13.91 and a high of $25.34 and are now at $20.99, 51% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Beazer Homes on January 9th, 2014 by issuing a Downtrend alert when the shares were trading at $22.91. Since that call, shares of Beazer Homes have fallen 7.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Beazer Homes

Ticker(s): BZH