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Recent 52-Week Low Surpassed in Shares of Terex Corp (TEX)

By Amy Schwartz

Terex Corp (NYSE:TEX) traded at a new 52-week low today of $24.85. This new low was reached on below average trading volume as 53,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.

Terex Corp has overhead space with shares priced $24.85, or 45.3% below the average consensus analyst price target of $45.47. The stock should find initial resistance at its 50-day moving average (MA) of $29.44 and further resistance at its 200-day MA of $30.68.

Terex Corporation is a diversified global manufacturer operating in four business segments such as aerial work platforms, construction, cranes, and materials processing. Terex manufactures a broad range of equipment for use in various industries including the construction, infrastructure, quarrying, mining, shipping, transportation, refining, energy, and utility industries.

Terex Corp share prices have moved between a 52-week high of $42.74 and the current low of $24.85 and are currently at $24.85 per share. The 200-day and 50-day moving averages have moved 0.3% lower and 0.33% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Terex Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Terex Corp in search of a potential trend change.

Keywords: 52 week high/lows terex corp

Ticker(s): TEX