• Return to Headlines

Bearish Moving Average Cross by Terex (TEX)

By James Quinn

Today, shares of Terex (NYSE:TEX) have fallen below their 10-day MA of $32.93 on a volume of 176K 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 share prices have been bracketed by a low of $13.62 and a high of $36.43 and are now at $32.59, 139% above that low price. 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 recommended that subscribers consider buying shares of Terex on April 7th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.58. Since that recommendation, shares of Terex have risen 3.8%. We continue to monitor TEX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Terex

Ticker(s): TEX