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Mcgrath Rentcorp Down 22.7% Since SmarTrend Downtrend Call (MGRC)

By James Quinn

SmarTrend identified a Downtrend for Mcgrath Rentcorp (NASDAQ:MGRC) on June 19th, 2018 at $63.70. In approximately 4 months, Mcgrath Rentcorp has returned 22.70% as of today's recent price of $49.24.

Over the past year, Mcgrath Rentcorp has traded in a range of $32.71 to $68.79 and is now at $49.35, 51% above that low. The 200-day and 50-day moving averages have moved 0.09% higher and 1.16% lower over the past week, respectively.

McGrath RentCorp rents and sells relocatable modular offices, as well as electronic test and measurement instruments. The Company's offices are used as temporary offices adjacent to existing facilities, sales and construction field offices, classrooms, and for a variety of other purposes. McGrath serves customers in the States of California and Texas.

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

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

Keywords: spotlights mcgrath rentcorp

Ticker(s): MGRC