• Return to Headlines

Terex Bullish Moving Average Crossover Alert (TEX)

By David Diaz

Terex (NYSE:TEX) crossed over its 10-day moving average of $35.56 on a volume of 392K 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.

Terex share prices have moved between a 52-week high of $37.53 and a 52-week low of $13.62 and are now trading 167% above that low price at $36.40 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 April 7th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.58. Since that recommendation, shares of Terex have risen 8.8%. We continue to monitor TEX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Terex

Ticker(s): TEX