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Greenhill Bullish Moving Average Crossover Alert (GHL)

By Shiri Gupta

Greenhill (NYSE:GHL) shares have crossed bullishly above their 10-day moving average of $20.81 on a volume of 127K 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, shares of Greenhill have traded between a low of $15.62 and a high of $42.82 and are now at $21.75, which is 39% above that low price. The 200-day and 50-day moving averages have moved 1.45% lower and 0.57% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Greenhill on May 2nd, 2017 by issuing a Downtrend alert when the shares were trading at $25.17. Since that call, shares of Greenhill have fallen 17.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses greenhill

Ticker(s): GHL