TrueCar (TRUE) Shares are Up 9.18%

TrueCar (TRUE) : Traders are bullish on TrueCar (TRUE) as it has outperformed the S&P 500 by a wide margin of 14.47% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.71%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 9.18% in the last 1 week, and is up 17.32% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

TrueCar (NASDAQ:TRUE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.00 and $9.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.23, notching a gain of 3.02% for the day. The total traded volume was 1,916,378 . The stock had closed at $9.93 on the previous day.

The stock has recorded a 20-day Moving Average of 13.16% and the 50-Day Moving Average is 27.22%. TrueCar, Inc. is up 70.78% in the last 3-month period. Year-to-Date the stock performance stands at 7.23%.

TrueCar (TRUE) : 5 investment research analysts covering TrueCar (TRUE) have an average price target of $5.3 for the near short term. The highest target price given by the Brokerage Firm to the stock is $7 and the lowest target is $4 for the short term. Analysts expect the variance to be within $1.3 of the average price.


TrueCar, Inc. (TrueCar) is a data-driven online platform operating on a common technology infrastructure, powered by data and analytics. The Company operates its Company-branded platform on its Website. In addition, it customizes and operates its platform on a co-branded basis for its affinity group marketing partners, including financial institutions, such as USAA and American Express; membership-based organizations, such as Consumer Reports, AARP and AAA, and employee buying programs for enterprises, such as IBM and Walmart. The Company enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar Certified Dealers. It also allows automobile manufacturers, known in the industry as original equipment manufacturers (OEMs), to connect with TrueCar users in the purchase process.

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