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Timken Co Rises 1.30% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Timken Co (NYSE:TKR) traded in a range yesterday that spanned from a low of $44.30 to a high of $45.20. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $45.00 on volume of 137,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Timken Co and will alert subscribers who have TKR in their portfolio or watchlist when shares have changed trend direction.

Timken Co share prices have moved between a 52-week high of $55.65 and a 52-week low of $41.85 and are now trading 8% above that low price at $45.00 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

Keywords: rebounders timken co

Ticker(s): TKR