Hertz extends gains - Analysis - 16-06-2022

2022-06-16 12:27:35 GMT (Economies.com)
 

Hertz Global Holdings' stock (HTZ) rose for another session amid positive signals from the RSI after reaching oversold levels while recouping losses and venting off oversold saturation, marking a profit of 5.05%, or 87 cents, and settling at 18.11, with trading volumes surpassing 10.1 million shares, above 10-day averages of 5.4 million shares, amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA. 

 

The company's board agreed on a repurchase program for $2 billion, adding to another $2 billion program announced in November. 

 

Hertz said the total stocks left to repurchased amount to $2.2 billion in total value. 

 

We now expect the stock to return lower, targeting the pivotal support of 15.00, provided the resistance of 20.75 holds on.

 

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Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.0499
-0.0091
0.8576%
1.2187
-0.0119
0.9644%
22.610
-0.547
2.362%
72.756
-8.719
10.701%
77.80
0.63
0.82%
1783.205
-12.355
0.688%
 
 
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