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Shares of RAIL Down 38.0% Since Downtrend Call on Shares

By Shiri Gupta

SmarTrend identified a Downtrend for Freightcar Ameri (NASDAQ:RAIL) on September 4th, 2018 at $16.63. In approximately 2 months, Freightcar Ameri has returned 37.98% as of today's recent price of $10.31.

In the past 52 weeks, shares of Freightcar Ameri have traded between a low of $9.40 and a high of $20.46 and are now at $10.31, which is 10% above that low price. The 200-day and 50-day moving averages have moved 0.97% lower and 4.49% lower over the past week, respectively.

FreightCar America Inc. designs and manufactures aluminum and steel bodied railroad freight cars. The Company also refurbishes and sells replacement parts for railcars. FreightCar America's primary customers are leasing companies, utilities, and railroads.

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

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

Keywords: spotlights freightcar ameri

Ticker(s): RAIL