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Bullish Moving Average Cross by Tyco International (TYC)

By Shiri Gupta

Today, shares of Tyco International (NYSE:TYC) have advanced above their 10-day MA of $43.36 on a volume of 2.2 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.

In the past 52 weeks, shares of Tyco International have traded between a low of $28.94 and a high of $45.68 and are now at $45.37, which is 57% above that low price. The 200-day and 50-day moving averages have moved 0.04% lower and 0.81% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Tyco International on January 25th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.23. Since that recommendation, shares of Tyco International have risen 30.1%. We continue to monitor TYC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Tyco International

Ticker(s): TYC