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Terex Corp: The Losing Streak Continues (TEX)

By Amy Schwartz

Shares of Terex Corp (NYSE:TEX) traded at a new 52-week low today of $12.39. This new low was reached on below average trading volume as 129,000 shares traded hands, while the average 30-day volume is approximately 1 million shares.

Terex Corp (NYSE:TEX) has potential upside of 236.8% based on a current price of $13.50 and analysts' consensus price target of $45.47. Terex Corp shares should first meet resistance at the 50-day moving average (MA) of $23.82 and find additional resistance at the 200-day MA of $26.97.

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.

Terex Corp share prices have moved between a 52-week high of $34.67 and the current low of $12.39 and are currently at $13.50 per share. The 200-day and 50-day moving averages have moved 0.76% lower and 3.74% 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