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Timken Crosses Above its 10-day MA (TKR)

By James Quinn

Today, shares of Timken (NYSE:TKR) have crossed bullishly above their 10-day moving average of $45.76 on a volume of 128K 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.

In the past 52 weeks, shares of Timken have traded between a low of $22.22 and a high of $51.75 and are now at $46.33, which is 108% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

SmarTrend is monitoring the recent change of momentum in Timken. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Timken in search of a potential trend change.

Keywords: moving crosses timken

Ticker(s): TKR