After Yesterday's Rally of 1.20% Shares Could Potentially Pullback
Tenneco (NYSE:TEN) traded in a range yesterday that spanned from a low of $44.80 to a high of $51.11. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $50.95 on volume of 299,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, Tenneco share prices have been bracketed by a low of $34.45 and a high of $61.73 and are now at $50.64, 47% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.
SmarTrend is tracking the current trend status for Tenneco and will alert subscribers who have TEN in their portfolio or watchlist when shares have changed trend direction.
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