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Bearish Moving Average Cross by Tata Motors (TTM)

By James Quinn

Today, shares of Tata Motors (NYSE:TTM) have fallen below their 10-day MA of $30.74 on a volume of 311K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Tata Motors share prices have moved between a 52-week high of $43.38 and a 52-week low of $20.00 and are now trading 52% above that low price at $30.49 per share. The 200-day and 50-day moving averages have moved 0.22% lower and 2.76% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Tata Motors on March 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.72. Since that recommendation, shares of Tata Motors have risen 32.0%. We continue to monitor TTM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses tata motors

Ticker(s): TTM