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After Yesterday's Rally of 2.35% Shares Could Potentially Pullback

By James Quinn

Terex Corp (NYSE:TEX) traded in a range yesterday that spanned from a low of $28.30 to a high of $28.83. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $28.48 on volume of 219,000 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, Terex Corp share prices have been bracketed by a low of $25.47 and a high of $45.47 and are now at $28.83, 13% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has slid 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Terex Corp on March 20th, 2019 by issuing a Downtrend alert when the shares were trading at $32.67. Since that call, shares of Terex Corp have fallen 14.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders terex corp

Ticker(s): TEX