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Bullish Moving Average Cross by Huntsman Corp (HUN)

By Nick Russo

Huntsman Corp (NYSE:HUN) crossed over its 10-day moving average of $18.69 on a volume of 616K 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, Huntsman Corp share prices have been bracketed by a low of $17.33 and a high of $33.55 and are now at $18.81, 9% above that low price. The 200-day and 50-day moving averages have moved 0.89% lower and 1.25% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Huntsman Corp on May 1st, 2019 by issuing a Downtrend alert when the shares were trading at $21.68. Since that call, shares of Huntsman Corp have fallen 16.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses huntsman corp

Ticker(s): HUN