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Monday, 03/25/2019 12:37:53 PM

Monday, March 25, 2019 12:37:53 PM

Post# of 29
Tenneco $TEN Keeps Tumbling, Watch This Trade Level

Tenneco Inc (NYSE:TEN) makes automotive clean air / ride performance products for original equipment manufacturers and aftermarkets. The stock has been in a steady down trend since February 2017. At this time, the stock peaked out at $70.96 a share. Today, TEN stock is trading at $22.61 a share. Traders and investors should note that TEN stock is trading below it's important 200-month moving average. This tells us that the stock is in a very weak technical position on the charts. The next major support level for TEN stock will be around the $20.00 level. This is where the stock broke out in 2010. Often, declining stocks such as this will find excellent chart support around prior break-out levels.




Nick Santiago
InTheMoneyStocks