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KB Home Crosses Above its 10-day MA (KBH)

By Shiri Gupta

KB Home (NYSE:KBH) shares have crossed bullishly above their 10-day moving average of $20.56 on a volume of 350K 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, KB Home share prices have been bracketed by a low of $9.04 and a high of $21.35 and are now at $20.68, 129% above that low price. The 200-day and 50-day moving averages have moved 0.4% lower and 1.26% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of KB Home on November 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.59. Since that recommendation, shares of KB Home have risen 31.2%. We continue to monitor KBH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses KB Home

Ticker(s): KBH