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Tenneco Automotive (TEN-N) Quote - Press Release

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SmarTrend Watching for Potential Rebound in Shares of Tenneco Inc After 4.18% Loss

Comtex SmarTrend(R) - Tue Aug 20, 12:53PM CDT

Tenneco Inc (NYSE:TEN) traded in a range yesterday that spanned from a low of $8.91 to a high of $9.60. Yesterday, the shares fell 4.2%, which took the trading range below the 3-day low of $8.96 on volume of 516,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Tenneco Inc has traded in a range of $7.62 to $47.22 and is now at $9.08, 19% above that low. The 200-day and 50-day moving averages have moved 1.66% lower and 0.8% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Tenneco Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Tenneco Inc in search of a potential trend change.

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