• Return to Headlines

Timkensteel Bearish Moving Average Crossover Alert (TMST)

By David Diaz

Timkensteel (NYSE:TMST) crossed under its 10-day moving average of $7.37 on a volume of 116K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Timkensteel has traded in a range of $6.72 to $18.84 and is now at $7.07, 5% above that low. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 2.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Timkensteel on March 8th, 2019 by issuing a Downtrend alert when the shares were trading at $10.91. Since that call, shares of Timkensteel have fallen 31.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses timkensteel

Ticker(s): TMST