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Shares of Hertz Global Hol Fall Below Previous 52-Week Low

By Nick Russo

Shares of Hertz Global Hol (NYSE:HTZ) traded at a new 52-week low today of $11.81. So far today approximately 264,000 shares have been exchanged, as compared to an average 30-day volume of 4.3 million shares.

There is potential upside of 78.2% for shares of Hertz Global Hol based on a current price of $11.88 and an average consensus analyst price target of $21.17. The stock should run into initial resistance at its 50-day moving average (MA) of $15.28 and subsequent resistance at its 200-day MA of $16.44.

Hertz Global Hol share prices have moved between a 52-week high of $22.37 and the current low of $11.81 and are currently at $11.88 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.9%.

Hertz Global Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, offers renting and leasing of cars from its corporate and franchise locations, as well as maintains separate airport counters, reservations and reservation systems, marketing, and other customer contact activities. Hertz Global Holdings serves clients globally.

SmarTrend recommended that its subscribers protect gains by selling shares of Hertz Global Hol on July 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $15.45. Since that call, shares of Hertz Global Hol have fallen 21.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows hertz global hol

Ticker(s): HTZ