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Tenneco Inc Bullish Moving Average Crossover Alert (TEN)

By Nick Russo

Today, shares of Tenneco Inc (NYSE:TEN) have crossed bullishly above their 10-day moving average of $9.27 on a volume of 305K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Tenneco Inc have traded between a low of $8.59 and a high of $47.94 and are now at $9.57, which is 11% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.9% while the 50-day MA has declined 4.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Tenneco Inc on April 26th, 2019 by issuing a Downtrend alert when the shares were trading at $22.59. Since that call, shares of Tenneco Inc have fallen 60.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses tenneco inc

Ticker(s): TEN