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Bullish Moving Average Cross by Herman Miller (MLHR)

By James Quinn

Today, shares of Herman Miller (NASDAQ:MLHR) have advanced above their 10-day MA of $30.35 on a volume of 427K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Herman Miller has traded in a range of $18.23 to $36.46 and is now at $31.58, 73% above that low. The 200-day and 50-day moving averages have moved 0.08% higher and 1.30% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Herman Miller on January 6th, 2017 by issuing a Downtrend alert when the shares were trading at $32.24. Since that call, shares of Herman Miller have fallen 9.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses herman miller

Ticker(s): MLHR