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Shares of TBI Down 31.0% Since Downtrend Call on Shares

By Amy Schwartz

SmarTrend identified a Downtrend for Trueblue Inc (NYSE:TBI) on February 6th, 2020 at $18.73. In approximately 2 months, Trueblue Inc has returned 31.00% as of today's recent price of $12.92.

In the past 52 weeks, shares of Trueblue Inc have traded between a low of $12.02 and a high of $25.75 and are now at $12.92, which is 7% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.8% while the 200-day MA has slid 0.6%.

TrueBlue, Inc. provides temporary manual labor to the light industrial and small business markets. The Company operates dispatch offices in the United States, Puerto Rico, Canada, and the United Kingdom. TrueBlue's customers are primarily in the transportation, warehousing, hospitality, landscaping, construction, light manufacturing, retail, wholesale, and sanitation industries.

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

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

Keywords: spotlights trueblue inc

Ticker(s): TBI