Advertisement
UK markets open in 6 hours 4 minutes

  • NIKKEI 225

    37,824.33
    -137.47 (-0.36%)
     

  • HANG SENG

    16,251.84
    +2.87 (+0.02%)
     

  • CRUDE OIL

    82.70
    +0.01 (+0.01%)
     

  • GOLD FUTURES

    2,383.90
    -4.50 (-0.19%)
     

  • DOW

    37,753.31
    -45.66 (-0.12%)
     

  • Bitcoin GBP

    49,356.79
    -2,130.68 (-4.14%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

  • NASDAQ Composite

    15,683.37
    -181.88 (-1.15%)
     

  • UK FTSE All Share

    4,273.02
    +12.61 (+0.30%)
     
Money:

5 ways to get help with childcare costs

Childcare is eye-wateringly expensive, here are some ways to save money

Tenaris S.A. (TS) Just Reclaimed the 200-Day Moving Average

Zacks Equity Research
·1-min read

Tenaris S.A. (TS) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, TS broke through the 200-day moving average, which suggests a long-term bullish trend.

The 200-day simple moving average is a useful tool for traders and analysts, establishing market trends for stocks, commodities, indexes, and other financial instruments over the long term. The marker moves higher or lower along with longer-term price moves, and serves as a support or resistance level.

Over the past four weeks, TS has gained 5.3%. The company is currently ranked a Zacks Rank #1 (Strong Buy), another strong indication the stock could move even higher.

Once investors consider TS's positive earnings estimate revisions, the bullish case only solidifies. No estimate has gone lower in the past two months for the current fiscal year, compared to 4 higher, and the consensus estimate has increased as well.

ADVERTISEMENT

Investors may want to watch TS for more gains in the near future given the company's key technical level and positive earnings estimate revisions.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Tenaris S.A. (TS) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.