Bullish Moving Average Cross by Tenaris (TS)
Today, shares of Tenaris (NYSE:TS) have crossed bullishly above their 10-day moving average of $28.22 on a volume of 683K 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.
Tenaris share prices have moved between a 52-week high of $32.10 and a 52-week low of $18.53 and are now trading 54% above that low price at $28.52 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has remained constant.
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