Kennametal Crosses Below its 10-day MA (KMT)
Today, shares of Kennametal (NYSE:KMT) have fallen below their 10-day MA of $38.08 on a volume of 221K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Kennametal have traded between a low of $27.63 and a high of $48.60 and are now at $37.95, which is 37% above that low price. The 200-day and 50-day moving averages have moved 0.38% lower and 0.69% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Kennametal on April 29th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.80. Since that recommendation, shares of Kennametal have risen 7.7%. We continue to monitor KMT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses kennametal