Bearish Moving Average Cross by Tata Motors (TTM)
Today, shares of Tata Motors (NYSE:TTM) have fallen below their 10-day MA of $42.02 on a volume of 216K shares. This may provide short-term investors a chance 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 $44.79 and a 52-week low of $20.00 and are now trading 110% above that low price at $41.91 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Tata Motors on May 31st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.69. Since that recommendation, shares of Tata Motors have risen 25.2%. 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