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Teck Resources Bullish Moving Average Crossover Alert (TCK)

By James Quinn

Teck Resources (NYSE:TCK) crossed over its 10-day moving average of $11.35 on a volume of 1.8 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Teck Resources share prices have moved between a 52-week high of $16.20 and a 52-week low of $2.56 and are now trading 351% above that low price at $11.54 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 5.0% while the 200-day MA has risen 0.9%.

SmarTrend is monitoring the recent change of momentum in Teck Resources. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Teck Resources in search of a potential trend change.

Keywords: moving crosses Teck Resources

Ticker(s): TCK