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Shares of TGH Down 14.5% Since Downtrend Call on Shares

By Nick Russo

SmarTrend identified a Downtrend for Textainer Group (NYSE:TGH) on February 5th, 2018 at $22.45. In approximately 1 month, Textainer Group has returned 14.48% as of today's recent price of $19.20.

Over the past year, Textainer Group has traded in a range of $6.90 to $26.50 and is now at $19.20, 178% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.1% while the 200-day MA has slid 1.4%.

Textainer Group Holdings Limited leases intermodal containers. The Company's core segments are container ownership, container management, and container resales with principal operations being the leasing of dry freight containers.

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

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

Keywords: spotlights textainer group

Ticker(s): TGH