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Kennametal Inc Shares Down 24.3% Since SmarTrend's Sell Call (KMT)

May 14, 2022 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend identified a Downtrend for Kennametal Inc (NYSE:KMT) on January 21st, 2022 at $34.51. In approximately 4 months, Kennametal Inc has returned 24.30% as of today's recent price of $26.12.

In the past 52 weeks, shares of Kennametal Inc have traded between a low of $25.88 and a high of $43.04 and are now at $26.12, which is 1% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.2%.

Kennametal Inc. manufactures, purchases, and distributes tools, tooling systems, and solutions to the metalworking, mining, oil, and energy industries. The Company also manufactures and distributes wear-resistant parts for a wide range of industries. Kennametal operates worldwide.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Kennametal Inc.

Log in and add Kennametal Inc (KMT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to SmarTrend at cs@mysmartrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com

comtex tracking

COMTEX_407199120/2476/2022-05-14T11:53:25

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