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Bullish Moving Average Cross by Torchmark Corp (TMK)

By David Diaz

Torchmark Corp (NYSE:TMK) shares have crossed bullishly above their 10-day moving average of $91.66 on a volume of 104K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Torchmark Corp has traded in a range of $69.68 to $92.91 and is now at $92.91, 33% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Torchmark Corp on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $76.90. Since that recommendation, shares of Torchmark Corp have risen 18.2%. We continue to monitor TMK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses torchmark corp

Ticker(s): TMK