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

By James Quinn

Today, shares of DR Horton (NYSE:DHI) have fallen below their 10-day MA of $29.24 on a volume of 354K 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.

Over the past year, DR Horton has traded in a range of $22.97 to $34.56 and is now at $29.06, 27% above that low. 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 its subscribers protect gains by selling shares of DR Horton on August 4th, 2016 by issuing a Downtrend alert when the shares were trading at $32.06. Since that call, shares of DR Horton have fallen 8.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses DR Horton

Ticker(s): DHI