Titanium Metals Bearish Moving Average Crossover Alert (TIE)
Dec 31, 2010 (SmarTrend(R) Market Surveillance via COMTEX) -- Today, shares of Titanium Metals (NYSE:TIE) have crossed bearishly below their 10-day moving average of $17.20 on volume of 411 thousand shares.
This may provide swing traders with an opportunity for a short position as such a crossover often suggests lower prices in the near term. Watch for a close below this moving average level for confirmation.
Respectfully disagree on short term prediction. A SMA(10) was used. Tie closed on its EMA(10) of 17.18. MACD and Slow STO both becoming more positive. Good insider buying. Started a small position today @ 17.07 with respect to Simmons. GLTA and HNY.