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After Yesterday's Decline of 1.71%, Terex Corp Offers Investors Better Value

By Shiri Gupta

Terex Corp (NYSE:TEX) traded in a range yesterday that spanned from a low of $32.78 to a high of $32.85. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $33.37 on volume of 249,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Terex Corp on January 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.48. Since that recommendation, shares of Terex Corp have risen 13.4%. We continue to monitor TEX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Terex Corp have traded between a low of $25.47 and a high of $45.47 and are now at $32.85, which is 29% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.3%.

Keywords: rebounders terex corp

Ticker(s): TEX