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Bearish Moving Average Cross by Terex Corp (TEX)

By Amy Schwartz

Terex Corp (NYSE:TEX) crossed under its 10-day moving average of $27.71 on a volume of 378K 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, Terex Corp has traded in a range of $22.84 to $38.57 and is now at $26.40, 16% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

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

Keywords: moving crosses terex corp

Ticker(s): TEX