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Bearish Moving Average Cross by Beazer Homes Usa (BZH)

By James Quinn

Today, shares of Beazer Homes Usa (NYSE:BZH) have fallen below their 10-day MA of $11.91 on a volume of 700K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Beazer Homes Usahas traded in a range of $11.16 to $23.24 and are now at $11.23. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.9% while the 200-day MA has slid 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Beazer Homes Usa on July 25th, 2018 by issuing a Downtrend alert when the shares were trading at $13.66. Since that call, shares of Beazer Homes Usa have fallen 11.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses beazer homes usa

Ticker(s): BZH