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Ethan Allen Interiors Bullish Moving Average Crossover Alert (ETH)

By David Diaz

Today, shares of Ethan Allen Interiors (NYSE:ETH) have advanced above their 10-day MA of $30.30 on a volume of 117K 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, Ethan Allen Interiors share prices have been bracketed by a low of $22.46 and a high of $36.77 and are now at $31.60, 41% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Ethan Allen Interiors on September 9th, 2016 by issuing a Downtrend alert when the shares were trading at $32.65. Since that call, shares of Ethan Allen Interiors have fallen 7.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses ethan allen interiors

Ticker(s): ETH