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

By Amy Schwartz

Today, shares of Tata Motors (NYSE:TTM) have crossed bearishly below their 10-day moving average of $41.31 on a volume of 178K 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 Tata Motors have traded between a low of $20.00 and a high of $44.79 and are now at $40.22, which is 101% 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 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