Eagle Materials Bearish Moving Average Crossover Alert (EXP)
Today, shares of Eagle Materials (NYSE:EXP) have fallen below their 10-day MA of $83.60 on a volume of 217K 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.
In the past 52 weeks, shares of Eagle Materials have traded between a low of $45.03 and a high of $88.81 and are now at $82.61, which is 83% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Eagle Materials on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $80.70. Since that recommendation, shares of Eagle Materials have risen 5.3%. We continue to monitor EXP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses eagle materials