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Tech Data Corp Crosses Below its 10-day MA (TECD)

By Shiri Gupta

Today, shares of Tech Data Corp (NASDAQ:TECD) have crossed bearishly below their 10-day moving average of $102.59 on a volume of 100K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Tech Data Corp have traded between a low of $66.93 and a high of $108.29 and are now at $102.31, which is 53% above that low price. The 200-day and 50-day moving averages have moved 0.42% higher and 1.61% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Tech Data Corp and will alert subscribers who have TECD in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses tech data corp

Ticker(s): TECD