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Bullish Moving Average Cross by Home Bancshares (HOMB)

By Shiri Gupta

Home Bancshares (NASDAQ:HOMB) shares have crossed bullishly above their 10-day moving average of $22.49 on a volume of 373K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Home Bancshares share prices have moved between a 52-week high of $29.69 and a 52-week low of $18.32 and are now trading 24% above that low price at $22.76 per share. The 200-day and 50-day moving averages have moved 0.17% higher and 0.50% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Home Bancshares on February 9th, 2018 by issuing a Downtrend alert when the shares were trading at $23.14. Since that call, shares of Home Bancshares have fallen 4.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses home bancshares

Ticker(s): HOMB