Bearish Moving Average Cross by Terex (TEX)
Terex (NYSE:TEX) shares have crossed bearishly below their 10-day moving average of $20.67 on a volume of 218K 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 has traded in a range of $13.62 to $29.32 and is now at $20.10, 48% 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 0.2%.
SmarTrend is tracking the current trend status for Terex and will alert subscribers who have TEX in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Terex