• Return to Headlines

Trinity Industries Crosses Above its 10-day MA (TRN)

By David Diaz

Trinity Industries (NYSE:TRN) crossed over its 10-day moving average of $20.99 on a volume of 608K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher 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 $21.26, 42% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.0%.

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 7.0%. 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

Ticker(s): TRN