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Bearish Moving Average Cross by Toro (TTC)

By Shiri Gupta

Today, shares of Toro (NYSE:TTC) have crossed bearishly below their 10-day moving average of $86.80 on a volume of 359K 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.

Toro share prices have moved between a 52-week high of $89.42 and a 52-week low of $64.71 and are now trading 27% above that low price at $82.11 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Toro on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.05. Since that recommendation, shares of Toro have risen 16.8%. We continue to monitor TTC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses toro

Ticker(s): TTC