• Return to Headlines

Bearish Moving Average Cross by Tjx Cos Inc (TJX)

By Nick Russo

Today, shares of Tjx Cos Inc (NYSE:TJX) have crossed bearishly below their 10-day moving average of $55.60 on a volume of 1.2 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Tjx Cos Inc share prices have moved between a 52-week high of $57.15 and a 52-week low of $41.49 and are now trading 33% above that low price at $55.14 per share. Over the past week, 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 Tjx Cos Inc on June 14th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $53.16. Since that recommendation, shares of Tjx Cos Inc have risen 5.9%. We continue to monitor TJX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses tjx cos inc

Ticker(s): TJX