Tenaris Crosses Above its 10-day MA (TS)
Today, shares of Tenaris (NYSE:TS) have crossed bullishly above their 10-day moving average of $28.42 on a volume of 2.8 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.
Tenaris share prices have moved between a 52-week high of $32.10 and a 52-week low of $18.53 and are now trading 54% above that low price at $28.61 per share. 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