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TMCNet:  Watch for Tyco International to Potentially Rebound After Falling 1.70% Yesterday

[January 28, 2013]

Watch for Tyco International to Potentially Rebound After Falling 1.70% Yesterday

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.


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%.

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.

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

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