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Teck Resources Crosses Above its 10-day MA (TCK)

By Shiri Gupta

Today, shares of Teck Resources (NYSE:TCK) have advanced above their 10-day MA of $16.17 on a volume of 2.4 million 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.

Over the past year, Teck Resources has traded in a range of $2.56 to $17.01 and is now at $16.66, 551% above that low. The 200-day and 50-day moving averages have moved 0.85% higher and 4.96% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Teck Resources on June 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.60. Since that recommendation, shares of Teck Resources have risen 37.8%. We continue to monitor TCK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Teck Resources

Ticker(s): TCK