user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 464113 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Stock Investors Sell Off Shares of Tenaris, Down 1.2%

Published on Thu, 03/21/2013 - 10:30
By Adrienne Chilton

One of today's notable stocks in decline is Tenaris (NYSE:TS), down 1.2% to $40.45. The Dow is down 0.5% to 14,437 and the S&P is currently down 0.5% to 1,551.

Tenaris has overhead space with shares priced $40.45, or 9.5% below the average consensus analyst price target of $44.67. Tenaris shares should encounter resistance at the 50-day moving average (MA) of $41.02 and support at its 200-day MA of $39.25.

Tenaris S.A. manufactures seamless steel pipe products on a global basis. The Company also provides pipe handling, stocking, and distribution services to the oil and gas, energy, and mechanical industries. In addition, Tenaris supplies welded steel pipes for gas pipelines in South America.

Tenaris share prices have moved between a 52-week high of $44.88 and a 52-week low of $29.79 and are now trading 36% above that low price at $40.45 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has risen 0.3%.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

Shares of United Therapeutics Have Risen...

United Therapeutics (NASDAQ:UTHR) traded at a new 52-week high today of $119.06. So fa ...

Shares of United Rentals Rise to a New 5...

United Rentals (NYSE:URI) traded today at a new 52-week high of $119.50. So far today ...

Union Pacific Looks to Continue to Trade...

Shares of Union Pacific (NYSE:UNP) traded today at $106.55, breaking its 52-week high. ...

Unum Group Looks to Continue to Trade Ab...

Shares of Unum Group (NYSE:UNM) traded today at $36.75, breaking its 52-week high. Thi ...

Watch for Continued Gains in Shares of U...

Shares of United Bankshares (NASDAQ:UBSI) traded at a new 52-week high today of $33.55. ...

Watch for Continued Gains in Shares of T...

Tata Motors (NYSE:TTM) traded at a new 52-week high today of $48.64. This new high was ...

Shares of Tesla Motors Inc Rise Above Pr...

Tesla Motors Inc (NASDAQ:TSLA) traded today at a new 52-week high of $284.89. This new ...

Trinity Industries: The Winning Streak C...

Trinity Industries (NYSE:TRN) traded at a new 52-week high today of $49.65. This new h ...