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Bearish Moving Average Cross by Thomson Reuters (TRI)

By David Diaz

Thomson Reuters (NYSE:TRI) shares have crossed bearishly below their 10-day moving average of $44.28 on a volume of 159K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Thomson Reuters have traded between a low of $33.96 and a high of $46.00 and are now at $44.14, which is 30% above that low price. The 200-day and 50-day moving averages have moved 0.12% higher and 0.88% higher over the past week, respectively.

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

Keywords: moving crosses Thomson Reuters

Ticker(s): TRI