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Bullish Moving Average Cross by Beacon Roofing S (BECN)

By Shiri Gupta

Today, shares of Beacon Roofing S (NASDAQ:BECN) have advanced above their 10-day MA of $31.09 on a volume of 135K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Beacon Roofing S has traded in a range of $24.97 to $40.00 and is now at $32.62, 31% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Beacon Roofing S. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Beacon Roofing S in search of a potential trend change.

Keywords: moving crosses beacon roofing s

Ticker(s): BECN