Notable Price Action: A Reversal for Triton International Limited Is Not Near. The Stock Reaches All-Time Low Today

Notable Price Action: A Reversal for Triton International Limited Is Not Near. The Stock Reaches All Time Low Today

The stock of Triton International Limited (NYSE:TRTN) reached all time low today, Nov, 3 and still has $10.79 target or 7.00% below today’s $11.60 share price. This indicates more downside for the $865.52M company. This technical setup was reported by Barchart.com. If the $10.79 PT is reached, the company will be worth $60.59 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock decreased 0.94% or $0.11 during the last trading session, hitting $11.6. About 121,330 shares traded hands. Triton International Limited (NYSE:TRTN) has declined 19.90% since April 1, 2016 and is downtrending. It has underperformed by 21.12% the S&P500.

According to Zacks Investment Research, “Triton International Limited offers acquisition, leasing, re-leasing, and sale of intermodal containers. The company’s leasing equipment consists of Dry Freight Containers, Refrigerated Containers, Special Containers, Tank Containers and Chassis. Triton International Limited, formerly known as TAL International Group, Inc., is based in Hamilton, Bermuda.”

More notable recent Triton International Limited (NYSE:TRTN) news were published by: Businesswire.com which released: “Triton International Limited Announces Dates for Third Quarter 2016 Earnings …” on November 01, 2016, also Businesswire.com with their article: “Triton International Limited Reports Second Quarter 2016 Results and Declares …” published on August 11, 2016, Businesswire.com published: “Triton Container International Limited and TAL International Group, Inc …” on July 12, 2016. More interesting news about Triton International Limited (NYSE:TRTN) were released by: Businesswire.com and their article: “Triton International Limited to Host Investor and Analyst Event on September …” published on September 13, 2016 as well as Marketwatch.com‘s news article titled: “/quotes/zigman/3870025/realtime” with publication date: May 29, 2011.

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