Tenneco (TEN) : Traders are bullish on Tenneco (TEN) as it has outperformed the S&P 500 by a wide margin of 14.93% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.85%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.78% in the last 1 week, and is up 18.79% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 12.34% and the 50-Day Moving Average is 9.52%. Tenneco Inc. is up 6.04% in the last 3-month period. Year-to-Date the stock performance stands at 23.11%.
Tenneco (NYSE:TEN): stock turned positive on Friday. Though the stock opened at $54.6, the bulls momentum made the stock top out at $57.3 level for the day. The stock recorded a low of $53.96 and closed the trading day at $56.52, in the green by 6.18%. The total traded volume for the day was 1,654,248. The stock had closed at $53.23 in the previous days trading.
Tenneco Inc. (Tenneco) is a producer of clean air and ride performance products and systems for light vehicle, commercial truck, off-highway and other vehicle applications. The Company serves both original equipment vehicle manufacturers (OEMs) and the repair and replacement markets, or aftermarket, across the world. The Company operates in six segments: North America Clean Air; North America Ride Performance; Europe, South America and India Clean Air; Europe, South America and India Ride Performance; Asia Pacific Clean Air, and Asia Pacific Ride Performance. The Companys various brands include Monroe, Rancho, Clevite Elastomers, Marzocchi, Axios, Kinetic, and Fric-Rot, Walker, XNOx, Fonos, DynoMax and Thrush clean air products. As a parts supplier, it produces individual component parts for vehicles, as well as groups of components that are combined as modules or systems within vehicles.