TCS - Container Store Group Inc Looks to Continue to Trade Below its Annual-Low Share Price Today
Shares of Container Store Group Inc. (NYSE:TCS) traded today at $3.96, breaking its 52-week low. This new low was reached on above average trading volume as 895,000 shares traded hands, while the average 30-day volume is approximately 185,000 shares.
Over the past year, Container Store Group Inc. has traded in a range of $3.96 to $10.08 and is now at $4.02. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.
The Container Store Group, Inc. operates specialty retail stores. The Company offers storage, organizational products and solutions. Container Store Group owns and operates its retail stores throughout the United States.
Potential upside of 36.8% exists for Container Store Group Inc, based on a current level of $4.02 and analysts' average consensus price target of $5.50. The stock should find initial resistance at its 50-day moving average (MA) of $4.58 and further resistance at its 200-day MA of $6.50.
NetworkNewsWire is monitoring the Specialty Retail Industry for any potential shift so investors can protect gains.
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