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Shares of THR Down 42.2% Since Downtrend Call on Shares

By James Quinn

SmarTrend identified a Downtrend for Thermon Group Ho (NYSE:THR) on February 3rd, 2020 at $24.02. In approximately 2 months, Thermon Group Ho has returned 42.21% as of today's recent price of $13.88.

Thermon Group Ho share prices have moved between a 52-week high of $27.73 and a 52-week low of $12.62 and are now trading 10% above that low price at $13.88 per share. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 3%.

Thermon Group Holdings Inc. provides engineered thermal solutions for process industries. The Company's thermal solutions, also referred to as heat tracing, provide an external heat source to pipes, vessels and instruments for the purposes of freeze protection, temperature and flow maintenance, environmental monitoring, and surface snow and ice melting.

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

Log in and add Thermon Group Ho (THR) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights thermon group ho

Ticker(s): THR