Bearish Moving Average Cross by Total System Services (TSS)
Today, shares of Total System Services (NYSE:TSS) have fallen below their 10-day MA of $51.26 on a volume of 455K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Total System Services share prices have moved between a 52-week high of $56.69 and a 52-week low of $37.47 and are now trading 34% above that low price at $50.39 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 2.1%.
SmarTrend recommended that subscribers consider buying shares of Total System Services on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.35. Since that recommendation, shares of Total System Services have risen 19.0%. We continue to monitor TSS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses total system services