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Honda Motor Bullish Moving Average Crossover Alert (HMC)

By Amy Schwartz

Honda Motor (NYSE:HMC) crossed over its 10-day moving average of $29.45 on a volume of 259K 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, Honda Motor has traded in a range of $24.03 to $35.99 and is now at $29.62, 23% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.3%.

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

Keywords: moving crosses honda motor

Ticker(s): HMC