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Bullish Moving Average Cross by Trinity Industries (TRN)

By Amy Schwartz

Today, shares of Trinity Industries (NYSE:TRN) have crossed bullishly above their 10-day moving average of $18.47 on a volume of 527K 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.

Trinity Industries share prices have moved between a 52-week high of $31.80 and a 52-week low of $14.94 and are now trading 25% above that low price at $18.63 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.0%.

SmarTrend is tracking the current trend status for Trinity Industries and will alert subscribers who have TRN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses trinity industries

Ticker(s): TRN