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Beacon Roofing S Crosses Above its 10-day MA (BECN)

By Shiri Gupta

Today, shares of Beacon Roofing S (NASDAQ:BECN) have crossed bullishly above their 10-day moving average of $16.05 on a volume of 120K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Beacon Roofing S have traded between a low of $11.67 and a high of $40.00 and are now at $16.24, which is 39% above that low price. The 200-day and 50-day moving averages have moved 1.47% lower and 7.34% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Beacon Roofing S. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Beacon Roofing S in search of a potential trend change.

Keywords: moving crosses beacon roofing s

Ticker(s): BECN