Rio Tinto Crosses Above its 10-day MA (RIO)
Rio Tinto (NYSE:RIO) shares have crossed bullishly above their 10-day moving average of $31.17 on a volume of 1.2 million 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.
Rio Tinto share prices have moved between a 52-week high of $47.37 and a 52-week low of $21.89 and are now trading 43% above that low price at $31.38 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has slid 0.5%.
SmarTrend is monitoring the recent change of momentum in Rio Tinto. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Rio Tinto in search of a potential trend change.
Keywords: moving crosses Rio Tinto