Honda Motor Bullish Moving Average Crossover Alert (HMC)
Honda Motor (NYSE:HMC) crossed over its 10-day moving average of $29.26 on a volume of 196K 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.
In the past 52 weeks, Honda Motor share prices have been bracketed by a low of $24.03 and a high of $35.99 and are now at $29.83, 24% above that low price. 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