BHP Billiton Crosses Below its 10-day MA (BBL)
BHP Billiton (NYSE:BBL) crossed under its 10-day moving average of $27.12 on a volume of 619K 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.
BHP Billiton share prices have moved between a 52-week high of $49.70 and a 52-week low of $16.36 and are now trading 65% above that low price at $27.01 per share. The 200-day and 50-day moving averages have moved 0.97% lower and 1.43% higher over the past week, respectively.
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 $26.56. Since that recommendation, shares of BHP Billiton have risen 3.0%. We continue to monitor BBL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses BHP Billiton