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Terex Corp Bearish Moving Average Crossover Alert (TEX)

By Amy Schwartz

Today, shares of Terex Corp (NYSE:TEX) have fallen below their 10-day MA of $40.98 on a volume of 1.2 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Terex Corp share prices have moved between a 52-week high of $50.17 and a 52-week low of $34.21 and are now trading 17% above that low price at $40.20 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

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

Keywords: moving crosses terex corp

Ticker(s): TEX