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Bullish Moving Average Cross by Eagle Materials (EXP)

By Shiri Gupta

Today, shares of Eagle Materials (NYSE:EXP) have crossed bullishly above their 10-day moving average of $86.96 on a volume of 148K 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, shares of Eagle Materials have traded between a low of $57.00 and a high of $111.42 and are now at $87.43, which is 53% above that low price. The 200-day and 50-day moving averages have moved 0.03% lower and 0.32% lower over the past week, respectively.

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

Keywords: moving crosses eagle materials

Ticker(s): EXP