• Return to Headlines

Taubman Centers Bullish Moving Average Crossover Alert (TCO)

By David Diaz

Taubman Centers (NYSE:TCO) shares have crossed bullishly above their 10-day moving average of $53.18 on a volume of 121K 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.

In the past 52 weeks, shares of Taubman Centers have traded between a low of $51.15 and a high of $81.68 and are now at $53.56, which is 5% above that low price. The 200-day and 50-day moving averages have moved 0.03% higher and 0.30% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Taubman Centers on July 31st, 2017 by issuing a Downtrend alert when the shares were trading at $56.82. Since that call, shares of Taubman Centers have fallen 7.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses taubman centers

Ticker(s): TCO