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Watch for Continued Gains in Shares of Trinity Industries (TRN)

Published on Wed, 02/13/2013 - 15:26
By Peter Chu

Trinity Industries (NYSE:TRN) traded at a new 52-week high today of $41.70. So far today approximately 375,000 shares have been exchanged, as compared to an average 30-day volume of 833,000 shares.

Trinity Industries (NYSE:TRN) is currently priced 5.5% above its average consensus analyst price target of $39.33. The stock should discover initial support at its 50-day moving average (MA) of $36.77 and subsequent support at its 200-day MA of $30.20.

Trinity Industries share prices have moved between a 52-week high of $41.70 and a 52-week low of $21.53 and are now trading 93% above that low price at $41.62 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has risen 0.5%.

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