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Bullish Moving Average Cross by Terex (TEX)

By Nick Russo

Terex (NYSE:TEX) shares have crossed bullishly above their 10-day moving average of $24.07 on a volume of 451K shares. Swing traders may find 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 Terex have traded between a low of $13.62 and a high of $29.32 and are now at $24.28, which is 78% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

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

Keywords: moving crosses Terex

Ticker(s): TEX