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Bearish Moving Average Cross by Triumph Group (TGI)

By Nick Russo

Triumph Group (NYSE:TGI) shares have crossed bearishly below their 10-day moving average of $22.03 on a volume of 143K 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.

Over the past year, Triumph Group has traded in a range of $11.16 to $26.00 and is now at $20.84, 87% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.3%.

SmarTrend is tracking the current trend status for Triumph Group and will alert subscribers who have TGI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses triumph group

Ticker(s): TGI