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Bullish Moving Average Cross by Herman Miller (MLHR)

By Amy Schwartz

Herman Miller (NASDAQ:MLHR) crossed over its 10-day moving average of $31.67 on a volume of 440K 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 $34.07 and is now at $33.21, 82% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Herman Miller on February 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.11. Since that recommendation, shares of Herman Miller have risen 24.3%. We continue to monitor MLHR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses herman miller

Ticker(s): MLHR