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Shares of Truecar Inc Fall to a New 52-Week Low

By James Quinn

Truecar Inc (NASDAQ:TRUE) traded at a new 52-week low today of $6.17. Approximately 77,000 shares have changed hands today, as compared to an average 30-day volume of 694,000 shares.

In the past 52 weeks, shares of Truecar Inc have traded between the current low of $6.17 and a high of $14.55 and are now at $6.17. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 2.5%.

TrueCar, Inc., together with its subsidiaries, operates as an Internet-based information, technology, and communication services company in the United States. It operates its platform on the TrueCar Website and mobile applications.

Truecar Inc (NASDAQ:TRUE) has potential upside of 135.9% based on a current price of $6.17 and analysts' consensus price target of $14.56. Truecar Inc shares should first meet resistance at the 50-day moving average (MA) of $7.41 and find additional resistance at the 200-day MA of $10.24.

SmarTrend is tracking the current trend status for Truecar Inc and will alert subscribers who have TRUE in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows truecar inc

Ticker(s): TRUE