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After Yesterday's Decline of 3.77%, Hertz Global Hol Offers Investors Better Value

By James Quinn

Hertz Global Hol (NYSE:HTZ) traded in a range yesterday that spanned from a low of $12.11 to a high of $12.85. Yesterday, the shares fell 3.8%, which took the trading range below the 3-day low of $12.48 on volume of 2.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Hertz Global Holhas traded in a range of $12.17 to $22.37 and are now at $12.23. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.2%.

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 18.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders hertz global hol

Ticker(s): HTZ