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Bullish Moving Average Cross by Eagle Materials (EXP)

By David Diaz

Eagle Materials (NYSE:EXP) shares have crossed bullishly above their 10-day moving average of $81.44 on a volume of 117K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Eagle Materials share prices have moved between a 52-week high of $96.94 and a 52-week low of $57.00 and are now trading 45% above that low price at $82.71 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Eagle Materials on July 11th, 2019 by issuing a Downtrend alert when the shares were trading at $83.71. Since that call, shares of Eagle Materials have fallen 3.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses eagle materials

Ticker(s): EXP