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Tenneco Inc Falls 12.32% on Heavy Volume: Watch For Potential Rebound

By James Quinn

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.

In the past 52 weeks, shares of Tenneco Inc have traded between a low of $25.73 and a high of $60.20 and are now at $29.29, which is 14% above that low price. The 200-day and 50-day moving averages have moved 0.57% lower and 1.12% higher over the past week, respectively.

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.

Keywords: rebounders tenneco inc

Ticker(s): TEN