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Bearish Moving Average Cross by Hms Holdings Cor (HMSY)

By Nick Russo

Today, shares of Hms Holdings Cor (NASDAQ:HMSY) have fallen below their 10-day MA of $33.75 on a volume of 156K 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, shares of Hms Holdings Cor have traded between a low of $23.00 and a high of $38.15 and are now at $33.36, which is 45% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Hms Holdings Cor on May 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.52. Since that recommendation, shares of Hms Holdings Cor have risen 7.4%. We continue to monitor HMSY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses hms holdings cor

Ticker(s): HMSY