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Tenneco Inc. Message Board

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  • the_bandwagon3232 the_bandwagon3232 Jan 20, 2009 10:45 PM Flag

    $2.50-$3.40 trading range

    Wow, last Friday's trade turned out to be horrible. The markets were down 8 out 10 days coming in, and I just knew we'd get a positive boost with the new president being sworn in.

    Our next important price is $1.73. This was the close on Nov. 21, 2008. If we don't bounce off $1.73, then $1.31 is the next support area (intra day low on Nov. 21st 2008).

    I'm hoping $1.73 holds, or maybe we got close enough to it today to bounce up tomorrow. If $1.73 doesn't hold up, then it's anyone's guess how low TEN will go. Bottom line, we must stay above $1.73.

56.96+0.03(+0.05%)Sep 27 4:02 PMEDT