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Bearish Moving Average Cross by Timkensteel (TMST)

By David Diaz

Today, shares of Timkensteel (NYSE:TMST) have fallen below their 10-day MA of $18.23 on a volume of 119K 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, Timkensteel share prices have been bracketed by a low of $8.36 and a high of $23.00 and are now at $18.05, 116% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Timkensteel on April 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.99. Since that recommendation, shares of Timkensteel have risen 10.6%. We continue to monitor TMST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses timkensteel

Ticker(s): TMST