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Bearish Moving Average Cross by Tegna Inc (TGNA)

By Amy Schwartz

Today, shares of Tegna Inc (NYSE:TGNA) have fallen below their 10-day MA of $15.67 on a volume of 342K 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.

In the past 52 weeks, shares of Tegna Inc have traded between a low of $10.24 and a high of $16.57 and are now at $15.48, which is 51% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.4%.

SmarTrend recommended that subscribers consider buying shares of Tegna Inc on January 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.81. Since that recommendation, shares of Tegna Inc have risen 33.9%. We continue to monitor TGNA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses tegna inc

Ticker(s): TGNA