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Bullish Moving Average Cross by Rio Tinto (RIO)

By Shiri Gupta

Today, shares of Rio Tinto (NYSE:RIO) have advanced above their 10-day MA of $33.35 on a volume of 741K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Rio Tinto have traded between a low of $21.89 and a high of $47.37 and are now at $33.68, which is 54% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.1%.

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

Keywords: moving crosses Rio Tinto

Ticker(s): RIO