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Dr Horton Inc Bullish Moving Average Crossover Alert (DHI)

By Amy Schwartz

Dr Horton Inc (NYSE:DHI) crossed over its 10-day moving average of $35.55 on a volume of 325K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Dr Horton Inc have traded between a low of $26.69 and a high of $37.44 and are now at $35.80, which is 34% above that low price. 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 Inc 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 Inc have risen 17.5%. 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 inc

Ticker(s): DHI