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Bearish Moving Average Cross by Kennametal Inc (KMT)

By Amy Schwartz

Kennametal Inc (NYSE:KMT) shares have crossed bearishly below their 10-day moving average of $38.64 on a volume of 105K 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.

Over the past year, Kennametal Inc has traded in a range of $20.40 to $43.09 and is now at $38.36, 88% above that low. The 200-day and 50-day moving averages have moved 0.67% lower and 1.61% higher over the past week, respectively.

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

Keywords: moving crosses kennametal inc

Ticker(s): KMT