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Tenneco Automotive (TEN-N) Quote - Press Release

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Tenneco Inc Set to Possibly Rebound After Yesterday's Selloff of 4.09%

Comtex SmarTrend(R) - Wed Sep 18, 1:02PM CDT

Tenneco Inc (NYSE:TEN) traded in a range yesterday that spanned from a low of $12.89 to a high of $13.63. Yesterday, the shares fell 4.1%, which took the trading range below the 3-day low of $13.40 on volume of 679,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Tenneco Inc on August 13th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.27. Since that recommendation, shares of Tenneco Inc have risen 31.0%. We continue to monitor TEN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Tenneco Inc has traded in a range of $7.62 to $47.22 and is now at $13.06, 71% above that low. The 200-day and 50-day moving averages have moved 2.28% lower and 3.03% higher over the past week, respectively.

Write to SmarTrend at cs@mysmartrend.com

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