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

By David Diaz

BHP Billiton (NYSE:BHP) crossed over its 10-day moving average of $30.64 on a volume of 1.2 million shares. Swing traders may find 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 $30.92, 67% 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 is tracking the current trend status for BHP Billiton and will alert subscribers who have BHP in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses BHP Billiton

Ticker(s): BHP