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Tenaris Bullish Moving Average Crossover Alert (TS)

By Amy Schwartz

Today, shares of Tenaris (NYSE:TS) have advanced above their 10-day MA of $29.09 on a volume of 941K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Tenaris have traded between a low of $18.53 and a high of $32.10 and are now at $29.45, which is 59% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.6%.

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

Keywords: moving crosses tenaris

Ticker(s): TS