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Thomson Reuters Bullish Moving Average Crossover Alert (TRI)

By James Quinn

Today, shares of Thomson Reuters (NYSE:TRI) have crossed bullishly above their 10-day moving average of $39.86 on a volume of 272K 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.

Over the past year, Thomson Reuters has traded in a range of $38.23 to $48.61 and is now at $40.18, 5% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Thomson Reuters on February 5th, 2018 by issuing a Downtrend alert when the shares were trading at $41.71. Since that call, shares of Thomson Reuters have fallen 5.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Thomson Reuters

Ticker(s): TRI