Shares of Timken are Moving Higher on 1x Above-Average Volume (TKR)

Resource from: Timken Likes:3065

Apr 20,2011

(April 19, 2011) Shares of Timken (NYSE: TKR) are trading up 4.7% to $50.59 today on above average volume. Approximately 684,000 shares have traded hands today vs. average 30-day volume of 667,000 shares. Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of TKR to see if this bullish momentum will continue. The Timken Company manufactures and distributes anti-friction roller bearings and specialty alloy steels. The Company's products are used in general industry and in a wide variety of products, including passenger cars, machine tools, farm and constructio In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.84%. In the past 52 weeks, shares of Timken have traded between a low of $24.84 and a high of $53.91 and are now at $50.60, which is 104% above that low price.

(Timken)

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