Tenaris (TS) Shares Cross Below 200 DMA

In trading on Friday, shares of Tenaris SA ( TS) crossed below their 200 day moving average of $44.25, changing hands as low as $44.18 per share. Tenaris SA shares are currently trading down about 4.1% on the day. The chart below shows the one year performance of TS shares, versus its 200 day moving average:

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Tenaris SA 200 Day Moving Average Chart

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 $44.32.

According to the ETF Finder at ETF Channel, TS makes up 6.21% of the Steel ETF ( SLX) which is trading lower by about 3.5% on the day Friday.

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