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

By Shiri Gupta

DR Horton (NYSE:DHI) crossed under its 10-day moving average of $31.36 on a volume of 545K shares. Swing traders may find an opportunity 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 $33.10 and is now at $31.19, 36% above that low. The 200-day and 50-day moving averages have moved 0.17% higher and 1.51% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of DR Horton on February 25th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.90. Since that recommendation, shares of DR Horton have risen 17.1%. 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