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Bearish Moving Average Cross by Terex Corp (TEX)

By David Diaz

Today, shares of Terex Corp (NYSE:TEX) have crossed bearishly below their 10-day moving average of $43.84 on a volume of 355K 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.

In the past 52 weeks, Terex Corp share prices have been bracketed by a low of $35.30 and a high of $50.17 and are now at $42.96, 22% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

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