• Return to Headlines

Booz Allen Hamilton Crosses Below its 10-day MA (BAH)

By James Quinn

Today, shares of Booz Allen Hamilton (NYSE:BAH) have crossed bearishly below their 10-day moving average of $38.22 on a volume of 4.9 million 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.

In the past 52 weeks, Booz Allen Hamilton share prices have been bracketed by a low of $23.87 and a high of $39.67 and are now at $32.00, 34% above that low price. The 200-day and 50-day moving averages have moved 0.06% higher and 0.11% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Booz Allen Hamilton on May 22nd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.89. Since that recommendation, shares of Booz Allen Hamilton have risen 3.8%. 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