Bullish Moving Average Cross by BHP Billiton (BHP)
BHP Billiton (NYSE:BHP) crossed over its 10-day moving average of $27.74 on a volume of 1.2 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
BHP Billiton share prices have moved between a 52-week high of $52.43 and a 52-week low of $18.46 and are now trading 51% above that low price at $27.94 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.5%.
SmarTrend is tracking the current trend status for BHP Billiton and will alert subscribers who have BHP in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses BHP Billiton