Shares of Timken (NYSE:TKR) traded at a new 52-week high today of $33.91. Approximately 65,000 shares have traded hands today vs. average 30-day volume of 753,000 shares.

Timken is currently trading at $33.63, approximately 17.5% above its 50-day moving average of $28.62. SmarTrend will be monitoring shares of TKR to see if this bullish momentum will continue.
SmarTrend is bullish on shares of Timken and our subscribers were alerted to Buy on February 16, 2010 at $25.09. The stock has risen 34% since the alert was issued.

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