Trinity Industries Bearish Moving Average Crossover Alert (TRN)
Today, shares of Trinity Industries (NYSE:TRN) have crossed bearishly below their 10-day moving average of $23.16 on a volume of 320K 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, Trinity Industries has traded in a range of $14.94 to $31.80 and is now at $22.65, 52% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 0.7%.
SmarTrend recommended that subscribers consider buying shares of Trinity Industries on June 23rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.34. Since that recommendation, shares of Trinity Industries have risen 20.5%. We continue to monitor TRN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses trinity industries