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Bearish Moving Average Cross by Tegna Inc (TGNA)

By James Quinn

Tegna Inc (NYSE:TGNA) crossed under its 10-day moving average of $15.78 on a volume of 109K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Tegna Inc has traded in a range of $10.24 to $16.58 and is now at $15.51, 51% above that low. The 200-day and 50-day moving averages have moved 0.62% higher and 0.50% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Tegna Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Tegna Inc in search of a potential trend change.

Keywords: moving crosses tegna inc

Ticker(s): TGNA