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PHH Bearish Moving Average Crossover Alert (PHH)

By James Quinn

Today, shares of PHH (NYSE:PHH) have crossed bearishly below their 10-day moving average of $13.93 on a volume of 152K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of PHH have traded between a low of $8.26 and a high of $27.83 and are now at $13.48, which is 63% above that low price. The 200-day and 50-day moving averages have moved 1.8% lower and 0.52% higher over the past week, respectively.

SmarTrend is tracking the current trend status for PHH and will alert subscribers who have PHH in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses

Ticker(s): PHH