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BHP Billiton Bearish Moving Average Crossover Alert (BBL)

By Shiri Gupta

BHP Billiton (NYSE:BBL) shares have crossed bearishly below their 10-day moving average of $25.06 on a volume of 739K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

BHP Billiton share prices have moved between a 52-week high of $49.70 and a 52-week low of $16.36 and are now trading 52% above that low price at $24.94 per share. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has advanced 1.4%.

SmarTrend is tracking the current trend status for BHP Billiton and will alert subscribers who have BBL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses BHP Billiton

Ticker(s): BBL