TrueCar (TRUE) Shares are Up 5.01%

TrueCar (TRUE) has been under a strong bear grip, hence the stock is down -1.85% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.83% in the past 1 week. The stock has risen by 5.01% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.38% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 5.02% and the 50-Day Moving Average is 1.69%.The 200 Day SMA reached 26.6%

TrueCar

TrueCar (NASDAQ:TRUE): After opening at $9.38, the stock dipped to an intraday low of $9.1402 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $9.49 and the buying power remained strong till the end. The stock closed at $9.44 for the day, a gain of 1.07% for the day session. The total traded volume was 773,348. The stocks close on the previous trading day was $9.44.

TrueCar (TRUE) : Currently there are 5 street experts covering TrueCar (TRUE) stock. The most bullish and bearish price target for the stock is $11 and $5 respectively for the short term. The average price target of all the analysts comes to $7.7. The estimated standard deviation from the target is $2.49.

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 TrueCar.com 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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