• Return to Headlines

Terex Corp Bearish Moving Average Crossover Alert (TEX)

By Amy Schwartz

Terex Corp (NYSE:TEX) shares have crossed bearishly below their 10-day moving average of $24.63 on a volume of 117K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Terex Corp share prices have been bracketed by a low of $23.13 and a high of $42.74 and are now at $24.52, 6% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Terex Corp on August 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $28.22. Since that call, shares of Terex Corp have fallen 11.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses terex corp

Ticker(s): TEX