• Return to Headlines

Look for Shares of Trinity Industri to Potentially Rebound after Yesterday's 2.79% Sell Off

By Amy Schwartz

Trinity Industri (NYSE:TRN) traded in a range yesterday that spanned from a low of $35.35 to a high of $36.62. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $36.36 on volume of 837,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

In the past 52 weeks, shares of Trinity Industri have traded between a low of $30.39 and a high of $39.35 and are now at $35.49, which is 17% above that low price. The 200-day and 50-day moving averages have moved 0.04% higher and 0.05% higher over the past week, respectively.

Keywords: rebounders trinity industri

Ticker(s): TRN