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Tenneco Bearish Moving Average Crossover Alert (TEN)

By David Diaz

Today, shares of Tenneco (NYSE:TEN) have fallen below their 10-day MA of $53.79 on a volume of 130K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Tenneco share prices have been bracketed by a low of $34.45 and a high of $61.73 and are now at $53.00, 54% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has remained constant.

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

Keywords: moving crosses tenneco

Ticker(s): TEN