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Bullish Moving Average Cross by Harman International Industries (HAR)

By David Diaz

Today, shares of Harman International Industries (NYSE:HAR) have crossed bullishly above their 10-day moving average of $84.95 on a volume of 273K 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.

In the past 52 weeks, Harman International Industries share prices have been bracketed by a low of $64.93 and a high of $132.74 and are now at $85.58, 32% above that low price. The 200-day and 50-day moving averages have moved 0.71% lower and 0.02% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Harman International Industries on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $76.76. Since that recommendation, shares of Harman International Industries have risen 10.5%. We continue to monitor HAR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses harman international industries

Ticker(s): HAR