BHP Billiton Bullish Moving Average Crossover Alert (BHP)

Today, shares of BHP Billiton (NYSE:BHP) have crossed bullishly above their 10-day moving average of $78.84 on volume of 1 million 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. Watch for a close above this moving average level for confirmation.

SmarTrend issued an Uptrend Alert for BHP Billiton on February 16, 2010 at $73.86. In approximately 1 month, BHP Billiton has returned 7.7% as of today's recent price of $79.57.

We will continue to monitor BHP's share price relative to this moving average.