Monday, April 10, 2017 11:42:36 AM
Tenneco Inc (NYSE:TEN) is a leading auto parts manufacturer that has been pulling back over the past couple of months. The stock price peaked out on February 7th at $70.96 a share. Currently, Tenneco Inc (NYSE:TEN) stock is trading around $58.68 a share.
While many traders and investors will see this stock as a bargain the stock could still be susceptible to further downside in the near term. Traders should watch the $55.00 area as excellent chart support. This is where the 50-week moving average is currently at on the chart. It is also where the stock based sideways before breaking out to the upside in November 2016. This chart formation tells us that the $55.00 area is the institutional buy level for Tenneco stock.
Chart: http://www.inthemoneystocks.com/images/TEN%204.10.17.png
Nicholas Santiago
InTheMoneyStocks
Recent TEN News
- TEN, Ltd. Reports Profits for the Second Quarter and First Half 2024 and Declares Second Semi-Annual Dividend of $0.90 Per Common Share Bringing Total Distributions for 2024 Operations to $1.50 Per Share • GlobeNewswire Inc. • 09/11/2024 01:25:00 PM
- U.S. Futures Drop Ahead of Inflation Data; Oil Rises on Hurricane Francine • IH Market News • 09/11/2024 10:29:19 AM
- TEN, Ltd. Announces Date for the Second Quarter and Six Months 2024 Results, Conference Call and Webcast • GlobeNewswire Inc. • 09/03/2024 01:25:00 PM
- London Shipping Summit-Industry Leaders Presenting At 16th Annual Capital Link Shipping & Marine Services Forum • GlobeNewswire Inc. • 08/28/2024 12:00:00 PM
- TEN Ltd. Declares Dividend on its Series E Cumulative Perpetual Preferred Shares • GlobeNewswire Inc. • 08/06/2024 08:05:00 PM
- Leading Shipowners Presented at the 4th Annual Capital Link Decarbonization in Shipping Forum • GlobeNewswire Inc. • 07/08/2024 03:39:35 PM
- TEN Ltd. Declares Dividend on its Series F Cumulative Redeemable Perpetual Preferred Shares • GlobeNewswire Inc. • 07/02/2024 08:05:00 PM
- TEN Ltd. NYSE Ticker Change to “TEN” Effective Today • GlobeNewswire Inc. • 07/01/2024 12:00:00 PM
- TEN, Ltd. Holds its Thirty First Annual General Meeting • GlobeNewswire Inc. • 06/21/2024 01:00:00 PM
- TEN, Ltd. Reports Profits for the First Quarter 2024 and Sets Date for First Common Share Semi-Annual Dividend of $0.60 • GlobeNewswire Inc. • 06/20/2024 12:55:00 PM
- TEN Ltd. Announces New NYSE Ticker Symbol “TEN” • GlobeNewswire Inc. • 06/14/2024 01:00:00 PM
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