Textron Crosses Below its 10-day MA (TXT)
Today, shares of Textron (NYSE:TXT) have crossed bearishly below their 10-day moving average of $39.11 on a volume of 230K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Textron have traded between a low of $30.69 and a high of $46.93 and are now at $38.90, which is 27% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.0%.
SmarTrend recommended that subscribers consider buying shares of Textron on February 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $34.67. Since that recommendation, shares of Textron have risen 13.5%. We continue to monitor TXT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Textron