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BHP Billiton Bullish Moving Average Crossover Alert (BBL)

By Amy Schwartz

BHP Billiton (NYSE:BBL) crossed over its 10-day moving average of $24.25 on a volume of 907K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, BHP Billiton has traded in a range of $16.36 to $49.70 and is now at $24.58, 50% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has slid 1%.

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