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Shares of TGH Down 26.3% Since Downtrend Call on Shares

By David Diaz

SmarTrend identified a Downtrend for Textainer Group (NYSE:TGH) on May 10th, 2018 at $16.15. In approximately 6 months, Textainer Group has returned 26.25% as of today's recent price of $11.91.

Textainer Group share prices have moved between a 52-week high of $26.50 and a 52-week low of $10.58 and are now trading 13% above that low price at $11.91 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.8% while the 200-day MA has slid 1.7%.

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