Recent 52-Week High Exceeded in Shares of Trinity Industries (TRN)

Published on Thu, 03/14/2013 - 14:33
By Peter Chu in 52 Week high-lows, TRN, 52 week high/lows, nyse:trn, trinity industries

Trinity Industries (NYSE:TRN) traded at a new 52-week high today of $45.67. So far today approximately 499,000 shares have been exchanged, as compared to an average 30-day volume of 799,000 shares.

Based on a current price of $45.37, Trinity Industries is currently 5.2% above its average consensus analyst price target of $43.00. The stock should discover initial support at its 50-day moving average (MA) of $40.24 and subsequent support at its 200-day MA of $31.78.

In the past 52 weeks, Trinity Industries share prices have been bracketed by a low of $21.53 and a high of $45.67 and are now at $45.37, 111% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.9%.

Trinity Industries, Inc. manufactures transportation, construction, and industrial products. The Company's products include tank and freight railcars, inland hopper and tank barges, highway guardrail and safety products, ready-mix concrete, and other products. Trinity also leases railcars and other products. The Company markets its products in the United States and internationally.

By Peter Chu
pchu@fnno.com

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