• Return to Headlines

Timken Co Falls 1.99% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Timken Co (NYSE:TKR) traded in a range yesterday that spanned from a low of $46.90 to a high of $49.13. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $47.69 on volume of 239,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Timken Co share prices have moved between a 52-week high of $52.45 and a 52-week low of $33.98 and are now trading 39% above that low price at $47.12 per share. The 200-day and 50-day moving averages have moved 0.14% higher and 0.81% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Timken Co and will alert subscribers who have TKR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders timken co

Ticker(s): TKR