• Return to Headlines

Bearish Moving Average Cross by DR Horton (DHI)

By Nick Russo

DR Horton (NYSE:DHI) shares have crossed bearishly below their 10-day moving average of $33.26 on a volume of 341K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of DR Horton have traded between a low of $22.97 and a high of $34.56 and are now at $33.13, which is 44% above that low price. The 200-day and 50-day moving averages have moved 0.19% higher and 1.09% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of DR Horton on January 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.17. Since that recommendation, shares of DR Horton have risen 10.6%. We continue to monitor DHI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses DR Horton

Ticker(s): DHI