|
SmarTrend Watching for Potential Rebound in Shares of Tyco International After 1.70% Loss
Jan 28, 2013 (SmarTrend(R) News Watch via COMTEX) --
Tyco International (NYSE:TYC) traded in a range yesterday that spanned from a low of $30.66 to a high of $31.23. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $30.76 on volume of 4.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
SmarTrend recommended that subscribers consider buying shares of Tyco International on November 6th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.30. Since that recommendation, shares of Tyco International have risen 10.4%. We continue to monitor TYC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
In the past 52 weeks, shares of Tyco International have traded between a low of $23.64 and a high of $31.46 and are now at $30.70, which is 30% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.0%.
Write to Chip Brian at cbrian@mysmartrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup
[ Back To Technology News's Homepage ]
|
Internet Telephony Magazine
Click here to read latest issue
CUSTOMER 
Cloud Computing Magazine
Click here to read latest issue
M2M Evolution Magazine
Call Center/CRM
Info Tech 
IP Communications 
Mobile 
Green 
Satellite 
Robotics 
