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Timken Co Crosses Above its 10-day MA (TKR)

By Amy Schwartz

Today, shares of Timken Co (NYSE:TKR) have crossed bullishly above their 10-day moving average of $43.65 on a volume of 152K 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.

Timken Co share prices have moved between a 52-week high of $51.75 and a 52-week low of $28.72 and are now trading 53% above that low price at $43.92 per share. The 200-day and 50-day moving averages have moved 0% lower and 1.01% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Timken Co on July 28th, 2017 by issuing a Downtrend alert when the shares were trading at $45.45. Since that call, shares of Timken Co have fallen 5.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses timken co

Ticker(s): TKR