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

By Shiri Gupta

Kennametal Inc (NYSE:KMT) shares have crossed bearishly below their 10-day moving average of $40.23 on a volume of 201K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Kennametal Inc have traded between a low of $20.40 and a high of $52.52 and are now at $39.78, which is 95% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.6%.

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