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

By James Quinn

Today, shares of Timken Co (NYSE:TKR) have fallen below their 10-day MA of $43.65 on a volume of 160K 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.

Over the past year, Timken Co has traded in a range of $33.98 to $52.45 and is now at $43.30, 27% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 0.2%.

SmarTrend recommended that subscribers consider buying shares of Timken Co on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.73. Since that recommendation, shares of Timken Co have risen 12.0%. We continue to monitor TKR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses timken co

Ticker(s): TKR