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Hd Supply Holdin Crosses Below its 10-day MA (HDS)

By Shiri Gupta

Today, shares of Hd Supply Holdin (NASDAQ:HDS) have crossed bearishly below their 10-day moving average of $40.14 on a volume of 172K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Hd Supply Holdin have traded between a low of $35.35 and a high of $47.13 and are now at $39.96, which is 13% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Hd Supply Holdin on May 9th, 2019 by issuing a Downtrend alert when the shares were trading at $43.94. Since that call, shares of Hd Supply Holdin have fallen 7.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses hd supply holdin

Ticker(s): HDS