• Return to Headlines

Terex Corp: The Losing Streak Continues (TEX)

By Amy Schwartz

Shares of Terex Corp (NYSE:TEX) traded today at $16.14, breaking its 52-week low. Approximately 217,000 shares have changed hands today, as compared to an average 30-day volume of 827,000 shares.

Terex Corporation is a diversified global manufacturer operating in four business segments such as aerial work platforms, construction, cranes, and materials processing. Terex manufactures a broad range of equipment for use in various industries including the construction, infrastructure, quarrying, mining, shipping, transportation, refining, energy, and utility industries.

There is potential upside of 171.3% for shares of Terex Corp based on a current price of $16.76 and an average consensus analyst price target of $45.47. The stock should run into initial resistance at its 50-day moving average (MA) of $25.89 and subsequent resistance at its 200-day MA of $27.43.

Over the past year, Terex Corphas traded in a range of $16.14 to $34.67 and are now at $16.76. The 200-day and 50-day moving averages have moved 0.6% lower and 2.68% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Terex Corp and will alert subscribers who have TEX in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows terex corp

Ticker(s): TEX