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Bullish Moving Average Cross by TJX Cos (TJX)

By Shiri Gupta

Today, shares of TJX Cos (NYSE:TJX) have crossed bullishly above their 10-day moving average of $75.31 on a volume of 1.3 million 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.

Over the past year, TJX Cos has traded in a range of $63.53 to $83.64 and is now at $76.13, 20% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of TJX Cos on August 30th, 2016 by issuing a Downtrend alert when the shares were trading at $77.93. Since that call, shares of TJX Cos have fallen 4.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses tjx cos

Ticker(s): TJX