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Tegna Inc Crosses Below its 10-day MA (TGNA)

By Amy Schwartz

Tegna Inc (NYSE:TGNA) crossed under its 10-day moving average of $10.79 on a volume of 158K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Tegna Inc share prices have moved between a 52-week high of $24.36 and a 52-week low of $10.00 and are now trading 7% above that low price at $10.68 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has slid 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Tegna Inc on March 15th, 2018 by issuing a Downtrend alert when the shares were trading at $12.67. Since that call, shares of Tegna Inc have fallen 13.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses tegna inc

Ticker(s): TGNA