Kennametal Bullish Moving Average Crossover Alert (KMT)
Kennametal (NYSE:KMT) shares have crossed bullishly above their 10-day moving average of $24.21 on a volume of 157K 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.
In the past 52 weeks, Kennametal share prices have been bracketed by a low of $15.11 and a high of $39.91 and are now at $24.87, 65% above that low price. The 200-day and 50-day moving averages have moved 0.67% lower and 1.61% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Kennametal on February 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.76. Since that recommendation, shares of Kennametal have risen 28.5%. We continue to monitor KMT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses kennametal