Titan International (TWI) Shares are Up 12.7%

Titan International (TWI) : Traders are bullish on Titan International (TWI) as it has outperformed the S&P 500 by a wide margin of 10.12% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 12.51%, 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 12.7% in the last 1 week, and is up 9.52% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 11.04% and the 50-Day Moving Average is 17.27%.The 200 Day SMA reached 66.71%

Titan

Titan International (NYSE:TWI): After opening at $10.07, the stock dipped to an intraday low of $9.835 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $10.19 and the buying power remained strong till the end. The stock closed at $10.12 for the day, a gain of 1.10% for the day session. The total traded volume was 704,756. The stocks close on the previous trading day was $10.12.

Titan International (TWI) : The most positive equity analysts on Titan International (TWI) expects the shares to touch $12, whereas, the least positive believes that the stock will trade at $7 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $9.75 with an expected fluctuation of $2.63 from the mean.

Titan International, Inc. together with its subsidiaries manufactures wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles used in the agricultural, earthmoving/construction and consumer segments. The Company operates in three segments: agricultural, earthmoving/construction and consumer. Titans agricultural segment includes rims, wheels, tires and undercarriage systems and components manufactured for use on various agricultural and forestry equipment. Titans earthmoving/construction segment includes rims, wheels, tires and undercarriage systems and components for various types of off-the-road (OTR) earthmoving, mining, military and construction equipment. The Companys consumer segment includes bias truck tires in Latin America and light truck tires in Russia, as well as products for all-terrain vehicles (ATVs) and recreational/utility trailers.

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