Bullish Moving Average Cross by Time Warner (TWX)
Today, shares of Time Warner (NYSE:TWX) have advanced above their 10-day MA of $77.57 on a volume of 3.2 million 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, Time Warner share prices have been bracketed by a low of $55.53 and a high of $91.34 and are now at $78.12, 41% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.0%.
SmarTrend is tracking the current trend status for Time Warner and will alert subscribers who have TWX in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Time Warner