• Return to Headlines

Bullish Moving Average Cross by Textron Inc (TXT)

By Nick Russo

Textron Inc (NYSE:TXT) shares have crossed bullishly above their 10-day moving average of $45.20 on a volume of 241K 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.

Textron Inc share prices have moved between a 52-week high of $72.87 and a 52-week low of $42.53 and are now trading 7% above that low price at $45.38 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Textron Inc on August 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $47.41. Since that call, shares of Textron Inc have fallen 5.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Textron Inc

Ticker(s): TXT