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Kennametal Inc Crosses Above its 10-day MA (KMT)

By Nick Russo

Kennametal Inc (NYSE:KMT) shares have crossed bullishly above their 10-day moving average of $31.46 on a volume of 137K 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.

Kennametal Inc share prices have moved between a 52-week high of $43.98 and a 52-week low of $27.49 and are now trading 15% above that low price at $31.69 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.0%.

SmarTrend is tracking the current trend status for Kennametal Inc and will alert subscribers who have KMT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses kennametal inc

Ticker(s): KMT