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

By David Diaz

KB Home (NYSE:KBH) crossed under its 10-day moving average of $16.40 on a volume of 989K 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.

In the past 52 weeks, KB Home share prices have been bracketed by a low of $9.04 and a high of $17.42 and are now at $16.08, 78% 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 June 6th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.11. Since that recommendation, shares of KB Home have risen 17.8%. 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