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DR Horton Crosses Below its 10-day MA (DHI)

By Amy Schwartz

DR Horton (NYSE:DHI) shares have crossed bearishly below their 10-day moving average of $33.59 on a volume of 3.5 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

DR Horton share prices have moved between a 52-week high of $34.56 and a 52-week low of $22.97 and are now trading 44% above that low price at $33.03 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of DR Horton on January 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.17. Since that recommendation, shares of DR Horton have risen 12.5%. We continue to monitor DHI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses DR Horton

Ticker(s): DHI