Tyco Electronics Bullish Moving Average Crossover Alert (TEL)
Today, shares of Tyco Electronics (NYSE:TEL) have advanced above their 10-day MA of $61.89 on a volume of 512K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher 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 $62.51, which is 21% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.
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 4.4%. 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