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Bearish Moving Average Cross by Honda Motor (HMC)

By Nick Russo

Honda Motor (NYSE:HMC) shares have crossed bearishly below their 10-day moving average of $27.84 on a volume of 170K 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.

Over the past year, Honda Motor has traded in a range of $24.03 to $35.99 and is now at $27.71, 15% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Honda Motor on March 31st, 2017 by issuing a Downtrend alert when the shares were trading at $30.25. Since that call, shares of Honda Motor have fallen 7.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses honda motor

Ticker(s): HMC