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Tenneco Inc: New 52-Week Low Set Today (TEN)

By Amy Schwartz

Shares of Tenneco Inc (NYSE:TEN) traded at a new 52-week low today of $12.03. This new low was reached on below average trading volume as 150,000 shares traded hands, while the average 30-day volume is approximately 1.4 million shares.

Tenneco Inc has overhead space with shares priced $12.03, or 78.8% below the average consensus analyst price target of $56.71. The stock should find initial resistance at its 50-day moving average (MA) of $23.24 and further resistance at its 200-day MA of $33.08.

Tenneco Inc share prices have moved between a 52-week high of $48.63 and the current low of $12.03 and are currently at $12.03 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 6.9% while the 200-day MA has slid 1.9%.

Tenneco Inc. designs, manufactures, and markets emission control and ride control products and systems for the automotive original equipment market and the aftermarket. The Company's products include shocks and struts, shock absorbers, mufflers, and performance exhaust products, as well as noise, vibration, and harshness control components.

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

Keywords: 52 week high/lows tenneco inc

Ticker(s): TEN