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Shares of KMT Up 18.1% Since Uptrend Call on Shares

By David Diaz

SmarTrend identified an Uptrend for Kennametal (NYSE:KMT) on July 21st, 2016 at $24.06. In approximately 3 months, Kennametal has returned 18.06% as of today's recent price of $28.40.

Kennametal share prices have moved between a 52-week high of $39.91 and a 52-week low of $15.11 and are now trading 88% above that low price at $28.40 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has slid 0.7%.

Kennametal Inc. manufactures, purchases, and distributes tools, tooling systems, and solutions to the metalworking, mining, oil, and energy industries. The Company also manufactures and distributes wear-resistant parts for a wide range of industries. Kennametal operates worldwide.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Kennametal shares.

Log in and add Kennametal (KMT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights kennametal

Ticker(s): KMT