• Return to Headlines

Watch for Terex Corp to Potentially Rebound After Falling 1.71% Yesterday

By Amy Schwartz

Terex Corp (NYSE:TEX) traded in a range yesterday that spanned from a low of $32.78 to a high of $32.85. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $33.37 on volume of 249,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Terex Corp on January 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.48. Since that recommendation, shares of Terex Corp have risen 13.4%. We continue to monitor TEX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Terex Corp has traded in a range of $25.47 to $45.47 and is now at $32.85, 29% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.3%.

Keywords: rebounders terex corp

Ticker(s): TEX