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PHH Bullish Moving Average Crossover Alert (PHH)

By Nick Russo

Today, shares of PHH (NYSE:PHH) have advanced above their 10-day MA of $14.33 on a volume of 177K 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.

PHH share prices have moved between a 52-week high of $27.83 and a 52-week low of $8.26 and are now trading 77% above that low price at $14.62 per share. 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 recommended that subscribers consider buying shares of PHH on March 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.64. Since that recommendation, shares of PHH have risen 22.1%. We continue to monitor PHH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses

Ticker(s): PHH