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Timkensteel Bearish Moving Average Crossover Alert (TMST)

By James Quinn

Timkensteel (AMEX:TMST) shares have crossed bearishly below their 10-day moving average of $15.80 on a volume of 139K shares. Swing traders may find 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 $8.36 to $23.00 and is now at $15.37, 84% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.8% while the 50-day MA has advanced 4.4%.

SmarTrend recommended that subscribers consider buying shares of Timkensteel on June 29th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.29. Since that recommendation, shares of Timkensteel have risen 4.6%. We continue to monitor TMST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amex:tmst timkensteel

Ticker(s): TMST