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PHH Bullish Moving Average Crossover Alert (PHH)

By Nick Russo

PHH (NYSE:PHH) shares have crossed bullishly above their 10-day moving average of $12.92 on a volume of 323K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, PHH share prices have been bracketed by a low of $8.26 and a high of $27.83 and are now at $13.34, 62% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.8% while the 50-day MA has advanced 0.5%.

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