Toromont Industries (OTCMKTS:TMTNF) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Toromont Industries Ltd. (OTCMKTS:TMTNFGet Free Report)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $81.33 and traded as high as $84.81. Toromont Industries shares last traded at $84.81, with a volume of 19,503 shares traded.

Toromont Industries Trading Down 1.5 %

The business has a fifty day simple moving average of $81.33 and a 200-day simple moving average of $86.34.

About Toromont Industries

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Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.

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