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

By James Quinn

Today, shares of KB Home (NYSE:KBH) have fallen below their 10-day MA of $21.56 on a volume of 569K 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.

KB Home share prices have moved between a 52-week high of $22.33 and a 52-week low of $9.04 and are now trading 137% above that low price at $21.44 per share. 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 39.2%. 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