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Teekay Corp Bearish Moving Average Crossover Alert (TK)

By David Diaz

Today, shares of Teekay Corp (NYSE:TK) have crossed bearishly below their 10-day moving average of $8.85 on a volume of 1.0 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Teekay Corp share prices have been bracketed by a low of $5.14 and a high of $11.77 and are now at $7.91, 54% above that low price. Over the past week, the 200-day moving average (MA) has gone down 2.9% while the 50-day MA has advanced 2.3%.

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

Keywords: moving crosses teekay corp

Ticker(s): TK