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Truecar Inc Down 50.0% Since SmarTrend Downtrend Call (TRUE)

By James Quinn

SmarTrend identified a Downtrend for Truecar Inc (NASDAQ:TRUE) on July 27th, 2017 at $18.97. In approximately 10 months, Truecar Inc has returned 50.03% as of today's recent price of $9.48.

Truecar Inc share prices have moved between a 52-week high of $21.75 and a 52-week low of $7.06 and are now trading 34% above that low price at $9.48 per share. Over the past week, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has advanced 2.0%.

TrueCar, Inc. develops and publishes an online automotive information and communication platform. The Company provides data and price reports for cars both online and over the phone for consumers and a communications platform for automobile dealers to communicate with consumers. TrueCar serves customers throughout the United States.

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

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

Keywords: spotlights truecar inc

Ticker(s): TRUE