Teck Resources Bullish Moving Average Crossover Alert (TCK)
Today, shares of Teck Resources (NYSE: TCK) have crossed bullishly above their 10-day moving average of $40.26 on volume of 1 million shares.
This may provide swing traders with an opportunity for a long position as such a crossover often suggests higher prices in the near term. Watch for a close above this moving average level for confirmation.
SmarTrend issued an Uptrend Alert for Teck Resources on February 12, 2010 at $35.35. In approximately 1 month, Teck Resources has returned 15.5% as of today's recent price of $40.84.
We will continue to monitor TCK's share price relative to this moving average.
Write to Chip Brian at cbrian@tradethetrend.com
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