Shares of Trinity Industries Receive a Boost, Up 1.8%

Published on Wed, 01/23/2013 - 11:25
By Peter Chu in Market movers, TRN, market movers, nyse:trn, trinity industries

Trinity Industries (NYSE:TRN) is one of today's notable stocks on the rise, up 1.8% to $38.96. The S&P is trading fractionally higher to 1,493 and the Dow is trading 0.5% higher to 13,782.

Trinity Industries (NYSE:TRN) defies analysts with a current price ($38.96) 5.0% above its average consensus price target of $37.00. The stock should find initial support at its 50-day moving average (MA) of $33.88 and further support at its 200-day MA of $29.55.

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.

Over the past year, Trinity Industries has traded in a range of $21.53 to $39.00 and is now at $38.96, 81% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

By Peter Chu
pchu@fnno.com

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