Bullish Moving Average Cross by Harman International Industries (HAR)
Harman International Industries (NYSE:HAR) shares have crossed bullishly above their 10-day moving average of $82.09 on a volume of 817K 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, shares of Harman International Industries have traded between a low of $64.93 and a high of $132.74 and are now at $89.86, which is 38% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has remained constant.
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 6.5%. 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