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Ryland Group Bearish Moving Average Crossover Alert (RYL)

By Shiri Gupta

Ryland Group (NYSE:RYL) crossed under its 10-day moving average of $45.29 on a volume of 228K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Ryland Group share prices have moved between a 52-week high of $49.66 and a 52-week low of $30.33 and are now trading 47% above that low price at $44.48 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Ryland Group on May 19th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.29. Since that recommendation, shares of Ryland Group have risen 5.8%. We continue to monitor RYL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ryland group

Ticker(s): RYL