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Toro Crosses Below its 10-day MA (TTC)

By James Quinn

Toro (NYSE:TTC) crossed under its 10-day moving average of $69.18 on a volume of 167K 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.

Toro share prices have moved between a 52-week high of $99.00 and a 52-week low of $46.09 and are now trading 49% above that low price at $68.78 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.1%.

SmarTrend recommended that subscribers consider buying shares of Toro on February 21st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $60.70. Since that recommendation, shares of Toro have risen 15.8%. We continue to monitor TTC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses toro

Ticker(s): TTC