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Eagle Materials Crosses Below its 10-day MA (EXP)

By James Quinn

Today, shares of Eagle Materials (NYSE:EXP) have crossed bearishly below their 10-day moving average of $85.82 on a volume of 245K 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 $60.25 and a high of $91.88 and are now at $83.48, which is 39% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

SmarTrend is monitoring the recent change of momentum in Eagle Materials. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Eagle Materials in search of a potential trend change.

Keywords: moving crosses eagle materials

Ticker(s): EXP