Total Bearish Moving Average Crossover Alert (TOT)
Total (NYSE:TOT) shares have crossed bearishly below their 10-day moving average of $48.63 on a volume of 271K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Total have traded between a low of $39.05 and a high of $54.53 and are now at $48.16, which is 23% above that low price. The 200-day and 50-day moving averages have moved 0% lower and 0.83% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Total on June 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.59. Since that recommendation, shares of Total have risen 3.0%. We continue to monitor TOT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Total