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Bofi Holding Inc Crosses Below its 10-day MA (BOFI)

By Nick Russo

Today, shares of Bofi Holding Inc (NASDAQ:BOFI) have fallen below their 10-day MA of $43.26 on a volume of 257K 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.

Bofi Holding Inc share prices have moved between a 52-week high of $45.18 and a 52-week low of $22.08 and are now trading 93% above that low price at $42.67 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Bofi Holding Inc on April 24th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $42.54. Since that recommendation, shares of Bofi Holding Inc have risen 3.2%. 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