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Bullish Moving Average Cross by BHP Billiton (BHP)

By Shiri Gupta

Today, shares of BHP Billiton (NYSE:BHP) have advanced above their 10-day MA of $27.25 on a volume of 1.3 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, BHP Billiton share prices have been bracketed by a low of $18.46 and a high of $52.43 and are now at $27.54, 49% above that low price. The 200-day and 50-day moving averages have moved 0.72% lower and 1.48% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of BHP Billiton on May 4th, 2016 by issuing a Downtrend alert when the shares were trading at $28.09. Since that call, shares of BHP Billiton have fallen 4.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses BHP Billiton

Ticker(s): BHP