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Booz Allen Hamilton Bearish Moving Average Crossover Alert (BAH)

By James Quinn

Booz Allen Hamilton (NYSE:BAH) shares have crossed bearishly below their 10-day moving average of $31.08 on a volume of 123K 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, Booz Allen Hamilton has traded in a range of $23.87 to $31.50 and is now at $30.76, 29% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Booz Allen Hamilton on May 19th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.82. Since that recommendation, shares of Booz Allen Hamilton have risen 8.5%. We continue to monitor BAH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses booz allen hamilton

Ticker(s): BAH