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Bofi Holding Inc Bearish Moving Average Crossover Alert (BOFI)

By Shiri Gupta

Bofi Holding Inc (NYSE:BOFI) crossed under its 10-day moving average of $26.54 on a volume of 218K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Bofi Holding Inc has traded in a range of $15.29 to $32.57 and is now at $26.15, 71% above that low. The 200-day and 50-day moving averages have moved 0.82% lower and 0.64% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Bofi Holding Inc on June 30th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.37. Since that recommendation, shares of Bofi Holding Inc have risen 10.1%. We continue to monitor BOFI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses bofi holding inc

Ticker(s): BOFI