Terex Corporation (TEX) : Traders are bullish on Terex Corporation (TEX) as it has outperformed the S&P 500 by a wide margin of 4.79% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 10.1%, 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 10.29% in the last 1 week, and is up 4.22% 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 5.34% and the 50-Day Moving Average is 6.37%.The 200 Day SMA reached 15.18%
Terex Corporation (NYSE:TEX): After opening at $24.78, the stock dipped to an intraday low of $24.67 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $25.655 and the buying power remained strong till the end. The stock closed at $25.41 for the day, a gain of 4.61% for the day session. The total traded volume was 1,315,753. The stocks close on the previous trading day was $25.41.
Terex Corporation (TEX) : The consensus price target for Terex Corporation (TEX) is $23.64 for the short term with a standard deviation of $2.98. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $29, however, the pessimist price target for the company is $20.
Terex Corporation is a lifting and material handling solutions company. The Company is focused providing its operations and delivering solutions for a range of commercial applications, including the construction, infrastructure, quarrying, mining, manufacturing, transportation, energy and utility industries. The Company operates in business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions, and Materials Processing. Its products are manufactured in North and South America, Europe, Australia and Asia and sold across the world. It offers a range of products, including portable material lifts, telehandlers, wheel loaders, midi excavators, site dumpers, tower cranes, utility equipment, industrial cranes, reach stackers, washing systems, chippers and sprinter carriers, among others. Its brands include Terex, Genie, Demag and Powerscreen.