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Tenneco

US Stock In Play: $TEN (Tenneco Inc)$TEN share price surged by a further +14.96% since our last update this week. This totals up a gain of +42.34% in a short 9 days trading session. With $TEN continuing to outperform its sectorial competitors with increasing buying demand, trading at a new 52 weeks high on both share price and implied volatility, further upside will be imminent to test its 2019 resistance at $25 range. $TEN is currently trading at its 52 weeks high, at a market capitalization exceeding $1 Billion USD for the first time since 2019. $TEN designs, manufactures, and sells clean air, powertrain, and ride performance products and systems for light vehicle, commercial truck, off-highway, industrial, and aftermarket customers worldwide.
NYSE:TENLong
by jfsrevg
1
A retest of $7.85 sets up great long-term buy Know nothing about $TEN the company, but just looking at the chart, it looks like a great long term buy. I think it could eventually break $100 over the next 3-5 years, but shorter term upside targets on the chart. I think there's risk that we'll get one more retest of the lows sometime between April-May, but that'll setup a great long opportunity in this stock. I have an alert to buy it on a retest of $7.85 which I think will be the long-term bottom.
NYSE:TENLong
by benjihyam
$TEN Closes Above Long Term ResistanceOn 5/27/20 $TEN closed above a long term resistance level that hasn't been broken since January 16th, 2018. Not only did $TEN break though and close higher than resistance, it did so with gusto, gapping higher on the day. $TEN is also above its 50 day moving average of $4.14 and the 50 day MA is just beginning to slope upward indicating continued short term bullishness. Fundamentally this auto supplier of aftermarket and OE has taken a beating in the last two years which imho has been way overdone. Although this company is levered up to their neck in debt, their long term earning potential will make today's stock price look extremely cheap on any metric if they're able to pay that debt down over time. If they aren't able to service their debt, then they will have to sell off product lines or whole divisions which would only boost the stock price from these levels making it a great win-win scenario.
NYSE:TENLong
by Jhoefler
Bearish on TEN until Golden cross commencesTEN has surprised the traders once again with a break through the short downtrend, retracing back to support, bouncing and making 5% gains on the daily. However, with quarterly earnings on the horizon, I don't see these gains sticking around very long. We are still in a major bearish downtrend, with GM layoffs looming, tariff rates, and the forecast for a recession upon us, for myself to feel any worthwhile investing in such asset. This asset, as well, is not going to trend fairly when companies start automating electric vehicles; since electric vehicles do not require an exhaust system. I will be keeping an eye out for earnings and go from there.
NYSE:TENShort
by joe_btc