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Bullish Moving Average Cross by Total System Services (TSS)

By Amy Schwartz

Today, shares of Total System Services (NYSE:TSS) have crossed bullishly above their 10-day moving average of $47.46 on a volume of 295K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Total System Services has traded in a range of $37.47 to $56.69 and is now at $47.94, 28% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Total System Services on August 2nd, 2016 by issuing a Downtrend alert when the shares were trading at $49.17. Since that call, shares of Total System Services have fallen 4.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses total system services

Ticker(s): TSS