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Watch for Continued Losses in Shares of Hertz Global Hol (HTZ)

By David Diaz

Shares of Hertz Global Hol (NYSE:HTZ) traded today at $12.94, breaking its 52-week low. Approximately 623,000 shares have changed hands today, as compared to an average 30-day volume of 4.3 million shares.

Hertz Global Hol (NYSE:HTZ) has potential upside of 62.3% based on a current price of $13.04 and analysts' consensus price target of $21.17. The stock should find initial resistance at its 50-day moving average (MA) of $15.77 and further resistance at its 200-day MA of $16.50.

In the past 52 weeks, Hertz Global Hol share prices have been bracketed by a current low of $12.94 and a high of $22.37 and are now at $13.04. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has remained constant.

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 13.4%. 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