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Terex Corp Rises 18.98% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Terex Corp (NYSE:TEX) traded in a range yesterday that spanned from a low of $29.50 to a high of $30.33. Yesterday, the shares gained 19.0%, which took the trading range above the 3-day high of $30.10 on volume of 257,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

In the past 52 weeks, shares of Terex Corp have traded between a low of $22.84 and a high of $38.57 and are now at $29.90, which is 31% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.

Keywords: rebounders terex corp

Ticker(s): TEX