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Trinity Industri Falls 1.33% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Trinity Industri (NYSE:TRN) traded in a range yesterday that spanned from a low of $19.89 to a high of $20.21. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $19.98 on volume of 372,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

Trinity Industri share prices have moved between a 52-week high of $28.33 and a 52-week low of $18.99 and are now trading 5% above that low price at $20.01 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.4%.

Keywords: rebounders trinity industri

Ticker(s): TRN