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SmarTrend Watching for Potential Rebound in Shares of Terex Corp After 1.99% Loss

By Nick Russo

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.

Terex Corp share prices have moved between a 52-week high of $45.47 and a 52-week low of $25.47 and are now trading 14% above that low price at $29.04 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 1.1%.

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