Eagle Materials Crosses Below its 10-day MA (EXP)
Today, shares of Eagle Materials (NYSE:EXP) have crossed bearishly below their 10-day moving average of $102.87 on a volume of 168K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Eagle Materials share prices have been bracketed by a low of $69.18 and a high of $105.69 and are now at $101.87, 47% above that low price. The 200-day and 50-day moving averages have moved 0.48% higher and 0.64% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Eagle Materials on July 24th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $96.74. Since that recommendation, shares of Eagle Materials have risen 6.9%. 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