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Watch for Terex Corp to Potentially Pullback After Gaining 2.86% Yesterday

By Amy Schwartz

Terex Corp (NYSE:TEX) traded in a range yesterday that spanned from a low of $44.12 to a high of $45.18. Yesterday, the shares gained 2.9%, which took the trading range above the 3-day high of $44.18 on volume of 812,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Terex Corp have traded between a low of $35.30 and a high of $50.17 and are now at $45.02, which is 28% above that low price. The 200-day and 50-day moving averages have moved 0.02% higher and 1.45% higher over the past week, respectively.

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.

Keywords: rebounders terex corp

Ticker(s): TEX