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HDFC Bank Crosses Above its 10-day MA (HDB)

By Amy Schwartz

Today, shares of HDFC Bank (NYSE:HDB) have crossed bullishly above their 10-day moving average of $72.10 on a volume of 166K 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.

In the past 52 weeks, shares of HDFC Bank have traded between a low of $51.11 and a high of $74.04 and are now at $72.56, which is 42% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for HDFC Bank and will alert subscribers who have HDB in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses hdfc bank

Ticker(s): HDB