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Bullish Moving Average Cross by Tyler Technologies (TYL)

By David Diaz

Tyler Technologies (NYSE:TYL) shares have crossed bullishly above their 10-day moving average of $154.53 on a volume of 118K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Tyler Technologies share prices have been bracketed by a low of $118.05 and a high of $184.01 and are now at $156.46, 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Tyler Technologies on April 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $135.55. Since that recommendation, shares of Tyler Technologies have risen 13.3%. We continue to monitor TYL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses tyler technologies

Ticker(s): TYL