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 $84.50 on a volume of 111K shares. Swing traders may find 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 $68.54 and a high of $105.69 and are now at $83.73, 22% above that low price. The 200-day and 50-day moving averages have moved 0.2% lower and 0.06% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Eagle Materials on February 4th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $76.87. Since that recommendation, shares of Eagle Materials have risen 10.5%. 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