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Bullish Moving Average Cross by Taubman Centers (TCO)

By James Quinn

Today, shares of Taubman Centers (NYSE:TCO) have advanced above their 10-day MA of $40.86 on a volume of 138K 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.

Taubman Centers share prices have moved between a 52-week high of $65.50 and a 52-week low of $38.56 and are now trading 6% above that low price at $41.05 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Taubman Centers on April 17th, 2019 by issuing a Downtrend alert when the shares were trading at $50.29. Since that call, shares of Taubman Centers have fallen 20.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses taubman centers

Ticker(s): TCO