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Tata Motors Crosses Above its 10-day MA (TTM)

By Shiri Gupta

Tata Motors (NYSE:TTM) shares have crossed bullishly above their 10-day moving average of $29.05 on a volume of 205K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Tata Motors have traded between a low of $20.00 and a high of $43.38 and are now at $29.23, which is 46% 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 1.8%.

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

Keywords: moving crosses tata motors

Ticker(s): TTM