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Thomson Reuters Crosses Above its 10-day MA (TRI)

By Nick Russo

Today, shares of Thomson Reuters (NYSE:TRI) have crossed bullishly above their 10-day moving average of $46.11 on a volume of 631K shares. Swing traders may find an opportunity 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 $47.97 and is now at $47.96, 25% above that low. The 200-day and 50-day moving averages have moved 0.12% higher and 0.88% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Thomson Reuters and will alert subscribers who have TRI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Thomson Reuters

Ticker(s): TRI