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BHP Billiton Crosses Above its 10-day MA (BBL)

By Nick Russo

Today, shares of BHP Billiton (NYSE:BBL) have crossed bullishly above their 10-day moving average of $24.20 on a volume of 856K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of BHP Billiton have traded between a low of $16.36 and a high of $49.70 and are now at $24.75, which is 51% above that low price. 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 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): BBL