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Hexcel Corp Crosses Above its 10-day MA (HXL)

By Shiri Gupta

Hexcel Corp (NYSE:HXL) crossed over its 10-day moving average of $80.94 on a volume of 215K 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, Hexcel Corp share prices have been bracketed by a low of $53.50 and a high of $85.63 and are now at $84.84, 59% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Hexcel Corp on May 22nd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $73.30. Since that recommendation, shares of Hexcel Corp have risen 10.0%. We continue to monitor HXL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses hexcel corp

Ticker(s): HXL