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Shares of Titan Intl Inc Fall Below Previous 52-Week Low

By James Quinn

Shares of Titan Intl Inc (NYSE:TWI) traded at a new 52-week low today of $2.56. So far today approximately 59,000 shares have been exchanged, as compared to an average 30-day volume of 361,000 shares.

Titan International, Inc., together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Europe, Latin America, the Commonwealth of Independent States region, and internationally.

There is potential upside of 525.0% for shares of Titan Intl Inc based on a current price of $2.56 and an average consensus analyst price target of $16.00. Titan Intl Inc shares should first meet resistance at the 50-day moving average (MA) of $3.88 and find additional resistance at the 200-day MA of $5.29.

Titan Intl Inc share prices have moved between a 52-week high of $8.40 and the current low of $2.56 and are currently at $2.56 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.7% while the 50-day MA has declined 2.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Titan Intl Inc on May 3rd, 2019 by issuing a Downtrend alert when the shares were trading at $5.34. Since that call, shares of Titan Intl Inc have fallen 50.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows titan intl inc

Ticker(s): TWI