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Tenneco Crosses Above its 10-day MA (TEN)

By James Quinn

Tenneco (NYSE:TEN) shares have crossed bullishly above their 10-day moving average of $53.46 on a volume of 416K 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.

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 $56.45, 64% 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 1.2%.

SmarTrend is monitoring the recent change of momentum in Tenneco. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Tenneco in search of a potential trend change.

Keywords: moving crosses tenneco

Ticker(s): TEN