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Bearish Moving Average Cross by Textron Inc (TXT)

By Amy Schwartz

Today, shares of Textron Inc (NYSE:TXT) have fallen below their 10-day MA of $48.32 on a volume of 157K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Textron Inc share prices have moved between a 52-week high of $67.26 and a 52-week low of $42.30 and are now trading 13% above that low price at $47.85 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

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

Keywords: moving crosses Textron Inc

Ticker(s): TXT