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Bullish Moving Average Cross by Tenaris (TS)

By David Diaz

Today, shares of Tenaris (NYSE:TS) have crossed bullishly above their 10-day moving average of $25.84 on a volume of 549K 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 Tenaris have traded between a low of $18.53 and a high of $32.10 and are now at $26.09, which is 41% above that low price. The 200-day and 50-day moving averages have moved 0.01% higher and 1.60% higher over the past week, respectively.

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

Keywords: moving crosses tenaris

Ticker(s): TS