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

By James Quinn

Today, shares of Tata Motors (NYSE:TTM) have crossed bullishly above their 10-day moving average of $41.77 on a volume of 480K shares. Swing traders may find 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 $44.79 and are now at $42.33, which is 112% above that low price. The 200-day and 50-day moving averages have moved 0.1% lower and 1.79% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Tata Motors on May 31st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.69. Since that recommendation, shares of Tata Motors have risen 23.2%. We continue to monitor TTM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses tata motors

Ticker(s): TTM