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BHP Billiton Bearish Moving Average Crossover Alert (BHP)

By Amy Schwartz

Today, shares of BHP Billiton (NYSE:BHP) have fallen below their 10-day MA of $34.78 on a volume of 942K 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.

Over the past year, BHP Billiton has traded in a range of $18.46 to $52.43 and is now at $34.55, 87% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of BHP Billiton on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.72. Since that recommendation, shares of BHP Billiton have risen 14.8%. We continue to monitor BHP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses BHP Billiton

Ticker(s): BHP