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Timken Co Set to Possibly Pullback After Yesterday's Rally of 1.30%

By David Diaz

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.

Over the past year, Timken Co has traded in a range of $41.85 to $55.65 and is now at $45.00, 8% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.2%.

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.

Keywords: rebounders timken co

Ticker(s): TKR