Tyco Electronics Bearish Moving Average Crossover Alert (TEL)
Today, shares of Tyco Electronics (NYSE:TEL) have fallen below their 10-day MA of $60.88 on a volume of 256K 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 Tyco Electronics have traded between a low of $51.70 and a high of $71.04 and are now at $60.76, which is 18% above that low price. The 200-day and 50-day moving averages have moved 0.09% lower and 0.27% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Tyco Electronics on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.92. Since that recommendation, shares of Tyco Electronics have risen 4.0%. We continue to monitor TEL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses tyco electronics