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Bearish Moving Average Cross by Dr Horton Inc (DHI)

By Nick Russo

Today, shares of Dr Horton Inc (NYSE:DHI) have crossed bearishly below their 10-day moving average of $52.20 on a volume of 386K 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 Dr Horton Inc have traded between a low of $32.39 and a high of $53.53 and are now at $51.86, which is 60% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.6%.

SmarTrend is tracking the current trend status for Dr Horton Inc and will alert subscribers who have DHI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses dr horton inc

Ticker(s): DHI