What’s Ahead for Tata Motors Limited (TTM) After Forming Wedge Down?

July 13, 2018 - By Jenna Rose

Tata Motors Limited (NYSE:TTM) Logo

The stock of Tata Motors Limited (TTM) formed a down wedge with $17.50 target or 9.00 % below today’s $19.24 share price. The 9 months wedge indicates high risk for the $12.47 billion company. If the $17.50 price target is reached, the company will be worth $1.12B less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock decreased 1.36% or $0.265 during the last trading session, reaching $19.235. About 473,659 shares traded. Tata Motors Limited (NYSE:TTM) has declined 41.71% since July 13, 2017 and is downtrending. It has underperformed by 54.28% the S&P500.

More important recent Tata Motors Limited (NYSE:TTM) news were published by: Seekingalpha.com which released: “This Pick And Shovel Stock Is Still A Value” on July 10, 2018, also Seekingalpha.com published article titled: “Wall Street Breakfast: Clock Ticks Down To Next Tariff Round”, Seekingalpha.com published: “Innergex Deserves To Trade At A Premium Valuation” on July 13, 2018. More interesting news about Tata Motors Limited (NYSE:TTM) was released by: Seekingalpha.com and their article: “Featured Stocks In July’s Most Attractive/Most Dangerous Model Portfolios” with publication date: July 12, 2018.

Tata Motors Limited designs, manufactures, and sells a range of automotive vehicles. The company has market cap of $12.47 billion. It operates through Automotive Operations and All Other Operations divisions. It has a 9.94 P/E ratio. The firm offers passenger cars, such as passenger cars; utility vehicles, including SUVs and multipurpose utility vehicles; light commercial vehicles comprising pickup trucks and small commercial vehicles; and medium and heavy commercial vehicles consisting of trucks, tractors, buses, tippers, multi-axle vehicles, dump trucks, tractor-trailers, mixers, and cargo vehicles, as well as related parts and accessories.

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