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Herman Miller Bullish Moving Average Crossover Alert (MLHR)

By Amy Schwartz

Today, shares of Herman Miller (NASDAQ:MLHR) have crossed bullishly above their 10-day moving average of $37.40 on a volume of 321K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Herman Miller share prices have moved between a 52-week high of $41.85 and a 52-week low of $26.99 and are now trading 43% above that low price at $38.65 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

SmarTrend recommended that subscribers consider buying shares of Herman Miller on June 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.11. Since that recommendation, shares of Herman Miller have risen 6.1%. We continue to monitor MLHR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses herman miller

Ticker(s): MLHR