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Trinseo Sa: New 52-Week Low Set Today (TSE)

By David Diaz

Shares of Trinseo Sa (NYSE:TSE) traded today at $36.40, breaking its 52-week low. This new low was reached on below average trading volume as 107,000 shares traded hands, while the average 30-day volume is approximately 316,000 shares.

Trinseo Sa has overhead space with shares priced $36.88, or 57.2% below the average consensus analyst price target of $86.22. Trinseo Sa shares should first meet resistance at the 50-day moving average (MA) of $40.31 and find additional resistance at the 200-day MA of $48.34.

Trinseo S.A. manufactures emulsion polymers and plastics. The Company offers a range of plastic, latex, and synthetic rubber products for automotive, consumer electronics, portable appliances, glazing, sheet, board coatings, packaging, and tires. Trinseo operates worldwide.

In the past 52 weeks, shares of Trinseo Sa have traded between the current low of $36.40 and a high of $82.18 and are now at $36.88. The 200-day and 50-day moving averages have moved 1.14% lower and 0.7% lower over the past week, respectively.

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

Keywords: 52 week high/lows trinseo sa

Ticker(s): TSE