Robert Half International Bearish Moving Average Crossover Alert (RHI)
Today, shares of Robert Half International (NYSE:RHI) have fallen below their 10-day MA of $37.50 on a volume of 107K 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, shares of Robert Half International have traded between a low of $34.34 and a high of $58.20 and are now at $37.25, which is 8% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has remained constant.
SmarTrend recommended that its subscribers protect gains by selling shares of Robert Half International on April 27th, 2016 by issuing a Downtrend alert when the shares were trading at $39.42. Since that call, shares of Robert Half International have fallen 3.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses Robert Half International