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Bullish Moving Average Cross by Ternium (TX)

By Shiri Gupta

Ternium (NYSE:TX) shares have crossed bullishly above their 10-day moving average of $21.43 on a volume of 127K 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, Ternium share prices have been bracketed by a low of $10.28 and a high of $22.35 and are now at $21.69, 111% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 2.7%.

SmarTrend recommended that subscribers consider buying shares of Ternium on June 6th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.14. Since that recommendation, shares of Ternium have risen 5.5%. We continue to monitor TX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ternium

Ticker(s): TX