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Trinity Industries Bearish Moving Average Crossover Alert (TRN)

By David Diaz

Trinity Industries (NYSE:TRN) shares have crossed bearishly below their 10-day moving average of $27.06 on a volume of 103K 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 Trinity Industries have traded between a low of $14.94 and a high of $31.80 and are now at $26.92, which is 80% above that low price. 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 is tracking the current trend status for Trinity Industries and will alert subscribers who have TRN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses trinity industries

Ticker(s): TRN