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Bearish Moving Average Cross by Eagle Materials (EXP)

By David Diaz

Today, shares of Eagle Materials (NYSE:EXP) have crossed bearishly below their 10-day moving average of $72.44 on a volume of 117K 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, shares of Eagle Materials have traded between a low of $57.00 and a high of $115.75 and are now at $72.00, which is 26% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.7%.

SmarTrend is monitoring the recent change of momentum in Eagle Materials. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Eagle Materials in search of a potential trend change.

Keywords: moving crosses eagle materials

Ticker(s): EXP