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Kennametal Inc Bullish Moving Average Crossover Alert (KMT)

By David Diaz

Kennametal Inc (NYSE:KMT) crossed over its 10-day moving average of $36.65 on a volume of 305K 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, Kennametal Inc share prices have been bracketed by a low of $30.32 and a high of $45.91 and are now at $36.79, 21% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend is monitoring the recent change of momentum in Kennametal Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Kennametal Inc in search of a potential trend change.

Keywords: moving crosses kennametal inc

Ticker(s): KMT