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Honda Motor Crosses Below its 10-day MA (HMC)

By Nick Russo

Honda Motor (NYSE:HMC) shares have crossed bearishly below their 10-day moving average of $27.24 on a volume of 175K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Honda Motor share prices have moved between a 52-week high of $35.99 and a 52-week low of $24.56 and are now trading 11% above that low price at $27.14 per share. The 200-day and 50-day moving averages have moved 0.35% lower and 0.28% higher over the past week, respectively.

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