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SmarTrend Watching for Potential Rebound in Shares of Tenneco Inc After 12.32% Loss

By Shiri Gupta

Tenneco Inc (NYSE:TEN) traded in a range yesterday that spanned from a low of $29.10 to a high of $29.99. Yesterday, the shares fell 12.3%, which took the trading range below the 3-day low of $32.29 on volume of 742,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 $29.29, 14% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has slid 0.6%.

Keywords: rebounders tenneco inc

Ticker(s): TEN