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Look for Shares of Terex Corp to Potentially Rebound after Yesterday's 1.99% Sell Off

By Shiri Gupta

Terex Corp (NYSE:TEX) traded in a range yesterday that spanned from a low of $28.89 to a high of $29.20. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $29.33 on volume of 189,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Terex Corp has traded in a range of $25.47 to $45.47 and is now at $29.04, 14% above that low. The 200-day and 50-day moving averages have moved 0.82% lower and 1.1% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Terex Corp and will alert subscribers who have TEX in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders terex corp

Ticker(s): TEX