Shares of Trinity Industries Have Risen Above Previous 52-Week High

Published on Wed, 02/06/2013 - 15:15
By Adrienne Chilton 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 $40.64. Approximately 694,000 shares have changed hands today, as compared to an average 30-day volume of 884,000 shares.

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.

Trinity Industries (NYSE:TRN) is currently priced 8.6% above its average consensus analyst price target of $37.00. The stock should discover initial support at its 50-day moving average (MA) of $35.82 and subsequent support at its 200-day MA of $29.94.

In the past 52 weeks, shares of Trinity Industries have traded between a low of $21.53 and a high of $40.64 and are now at $40.47, which is 88% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has risen 0.4%.

By Adrienne Chilton
achilton@fnno.com

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