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Bullish Moving Average Cross by Cooper Tire & Rubber (CTB)

By Shiri Gupta

Today, shares of Cooper Tire & Rubber (NYSE:CTB) have advanced above their 10-day MA of $32.40 on a volume of 739K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Cooper Tire & Rubber share prices have moved between a 52-week high of $43.40 and a 52-week low of $29.29 and are now trading 22% above that low price at $35.74 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Cooper Tire & Rubber. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cooper Tire & Rubber in search of a potential trend change.

Keywords: moving crosses cooper tire & rubber

Ticker(s): CTB