$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...
+ Used cars are soaring which should increase demand for parts.
+ < $1bn market cap against $17 BN revenue
+ PE ratio of 3-4 against sector average of 20 +
+ Rapidly restructuring debt renegotiating longer terms and lower rates
+ 500% off 2017 ATH
- Already 500% off it's lows
- Debt still high. If long terms rates edge higher then the debt will become...
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...
On 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...
TEN 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...
An earning over prediction has sent this market into a 'good standing' position for the neutral area. Assuming that earnings will not beat prediction, due to tariffs, I expect a major downtrend continuing. If we do not stay in neutral territory, expect a straight downward selloff.
