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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 $14.68 on a volume of 113K 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 $15.58 and a 52-week low of $10.00 and are now trading 46% above that low price at $14.56 per share. The 200-day and 50-day moving averages have moved 0.49% higher and 1.97% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Tegna Inc on January 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.81. Since that recommendation, shares of Tegna Inc have risen 24.3%. We continue to monitor TGNA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses tegna inc

Ticker(s): TGNA