Terex Bullish Moving Average Crossover Alert (TEX)
Today, shares of Terex (NYSE:TEX) have advanced above their 10-day MA of $23.51 on a volume of 276K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Terex share prices have moved between a 52-week high of $29.32 and a 52-week low of $13.62 and are now trading 76% above that low price at $24.02 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Terex on January 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.70. Since that recommendation, shares of Terex have risen 18.8%. We continue to monitor TEX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Terex