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TS Crosses Above Key Moving Average Level

By Energy Stock Channel Staff, Monday, November 19, 1:27 PM ET
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In trading on Monday, shares of Tenaris SA (NYSE:TS) crossed above their 200 day moving average of $38.02, changing hands as high as $38.52 per share. Tenaris SA shares are currently trading up about 2.4% on the day. The chart below shows the one year performance of TS shares, versus its 200 day moving average:

Tenaris SA 200 Day Moving Average Chart

Looking at the chart above, TS's low point in its 52 week range is $29.79 per share, with $44.88 as the 52 week high point — that compares with a last trade of $38.43.

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According to the ETF Finder at ETF Channel, TS makes up 4.14% of the Oil Services ETF (AMEX:OIH) which is trading higher by about 2.3% on the day Monday.

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