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Bearish Moving Average Cross by Bofi Holding Inc (BOFI)

By David Diaz

Bofi Holding Inc (NASDAQ:BOFI) shares have crossed bearishly below their 10-day moving average of $41.65 on a volume of 157K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Bofi Holding Inc share prices have been bracketed by a low of $23.51 and a high of $45.18 and are now at $40.49, 72% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.9%.

SmarTrend is tracking the current trend status for Bofi Holding Inc and will alert subscribers who have BOFI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses bofi holding inc

Ticker(s): BOFI