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Thermon Group Ho Shares Down 38.7% Since SmarTrend's Sell Call (THR)

By Shiri Gupta

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 38.70% as of today's recent price of $14.73.

Over the past year, Thermon Group Ho has traded in a range of $12.62 to $27.73 and is now at $14.72, 17% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 5.9% while the 200-day MA has slid 1%.

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