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Tenaris (TS) Shares Cross Above 200 DMA
By: BNK Invest
In trading on Monday, shares of Tenaris SA (Symbol: TS) crossed above their 200 day moving average of $44.46, changing hands as high as $44.51 per share. Tenaris SA shares are currently trading up about 1% on the day. The chart below shows the one year performance of TS shares, versus its 200 day moving average:
Looking at the chart above, TS's low point in its 52 week range is $38.47 per share, with $49.87 as the 52 week high point - that compares with a last trade of $44.24.
According to the ETF Finder at ETF Channel, TS makes up 6.23% of the Steel ETF (Symbol: SLX) which is trading up by about 1.5% on the day Monday.