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Taubman Centers Crosses Above its 10-day MA (TCO)

By Amy Schwartz

Today, shares of Taubman Centers (NYSE:TCO) have crossed bullishly above their 10-day moving average of $71.61 on a volume of 852K 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 Taubman Centers have traded between a low of $63.32 and a high of $81.68 and are now at $75.49, which is 19% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Taubman Centers on September 13th, 2016 by issuing a Downtrend alert when the shares were trading at $74.65. Since that call, shares of Taubman Centers have fallen 4.7%. 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