Bearish Moving Average Cross by TJX Cos (TJX)
Today, shares of TJX Cos (NYSE:TJX) have crossed bearishly below their 10-day moving average of $73.85 on a volume of 384K 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, TJX Cos share prices have been bracketed by a low of $63.53 and a high of $83.64 and are now at $73.55, 16% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.
SmarTrend recommended that its subscribers protect gains by selling shares of TJX Cos on August 30th, 2016 by issuing a Downtrend alert when the shares were trading at $77.93. Since that call, shares of TJX Cos have fallen 4.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses tjx cos