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Downtrend Call Working As Horizon Global Stock Falls 59.9% (HZN)

By Amy Schwartz

SmarTrend identified a Downtrend for Horizon Global (NYSE:HZN) on November 2nd, 2017 at $15.04. In approximately 7 months, Horizon Global has returned 59.89% as of today's recent price of $6.03.

Horizon Global share prices have moved between a 52-week high of $26.36 and a 52-week low of $5.13 and are now trading 18% above that low price at $6.03 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.4% while the 200-day MA has slid 0.2%.

Horizon Global Corporation designs, manufactures, and distributes a wide variety of towing, trailering, cargo management, and other related accessories. The Company serves the automotive aftermarket, retail and original equipment, and channels worldwide.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Horizon Global.

Log in and add Horizon Global (HZN) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights horizon global

Ticker(s): HZN