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Harman International Industries Crosses Above its 10-day MA (HAR)

By Nick Russo

Today, shares of Harman International Industries (NYSE:HAR) have advanced above their 10-day MA of $83.75 on a volume of 156K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Harman International Industries has traded in a range of $64.93 to $132.74 and is now at $85.13, 31% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Harman International Industries on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $76.76. Since that recommendation, shares of Harman International Industries have risen 8.4%. We continue to monitor HAR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses harman international industries

Ticker(s): HAR