TX Crosses Below Key Moving Average Level

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In trading on Tuesday, shares of Ternium S A (Symbol: TX) crossed below their 200 day moving average of $28.09, changing hands as low as $27.92 per share. Ternium S A shares are currently trading down about 2.6% on the day. The chart below shows the one year performance of TX shares, versus its 200 day moving average: Ternium S A 200 Day Moving Average Chart

Looking at the chart above, TX's low point in its 52 week range is $22.17 per share, with $33.39 as the 52 week high point - that compares with a last trade of $27.99.

According to the ETF Finder at ETF Channel, TX makes up 7.31% of the Steel ETF (Symbol: SLX) which is trading lower by about 1.8% on the day Tuesday.

Click here to find out which 9 other metals stocks recently crossed below their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Commodities
Referenced Symbols: TX , SLX

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