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BHP Billiton Bullish Moving Average Crossover Alert (BHP)

By David Diaz

BHP Billiton (NYSE:BHP) crossed over its 10-day moving average of $34.77 on a volume of 695K 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 $18.46 to $52.43 and is now at $34.96, 89% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.5%.

SmarTrend is monitoring the recent change of momentum in BHP Billiton. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of BHP Billiton in search of a potential trend change.

Keywords: moving crosses BHP Billiton

Ticker(s): BHP