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Tower Internatio Bullish Moving Average Crossover Alert (TOWR)

By James Quinn

Today, shares of Tower Internatio (NYSE:TOWR) have crossed bullishly above their 10-day moving average of $20.08 on a volume of 2.1 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Tower Internatio has traded in a range of $17.15 to $36.65 and is now at $30.82, 80% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Tower Internatio on May 7th, 2019 by issuing a Downtrend alert when the shares were trading at $21.96. Since that call, shares of Tower Internatio have fallen 16.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses tower internatio

Ticker(s): TOWR