Bullish Moving Average Cross by Exterran Holdings (EXH)

Published on Tue, 07/22/2014 - 13:02
By Adrienne Chilton in Moving average crossovers, EXH, exterran holdings, moving crosses, nyse:exh

Today, shares of Exterran Holdings (NYSE:EXH) have crossed bullishly above their 10-day moving average of $43.52 on a volume of 142K 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.

Over the past year, Exterran Holdings has traded in a range of $26.50 to $45.90 and is now at $43.68, 65% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.6%.

There is potential upside of 13.3% for shares of Exterran Holdings based on a current price of $43.68 and an average consensus analyst price target of $49.50. The stock should find initial support at its 50-day moving average (MA) of $43.21 and further support at its 200-day MA of $37.64.

Exterran Holdings Inc. is a holding company. The Company, through its subsidiaries, provides natural gas compression services as well as provides service, fabrication and equipment for oil and natural gas production, processing and transportation applications.

By Adrienne Chilton
achilton@fnno.com

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