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Bearish Moving Average Cross by Total System Services (TSS)

By Shiri Gupta

Total System Services (NYSE:TSS) shares have crossed bearishly below their 10-day moving average of $59.30 on a volume of 186K 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.

Over the past year, Total System Services has traded in a range of $37.47 to $60.64 and is now at $58.56, 56% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.4%.

SmarTrend recommended that subscribers consider buying shares of Total System Services on April 21st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $53.56. Since that recommendation, shares of Total System Services have risen 11.0%. 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

Ticker(s): TSS