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Shares of Tenneco Inc Are Down on Strong Volume (TEN)

By James Quinn

The price of Tenneco Inc shares has slipped to $26.91 (a 4.2% change) on heavy trading volume. Today's volume of 802,000 shares tops the average 30-day volume of 458,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is monitoring the recent change of momentum in Tenneco Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Tenneco Inc in search of a potential trend change.

Over the past year, Tenneco Inc has traded in a range of $25.73 to $60.20 and is now at $27.08, 5% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 1.2%.

Keywords: unusual volume tenneco inc

Ticker(s): TEN