Stock Mover of The Day: Could Triton International Limited Go Down After Achieving Record High?

Stock Mover of The Day: Could Triton International Limited Go Down After Achieving Record High?

The stock of Triton International Limited (NYSE:TRTN) reached all time high today, Nov, 22 and still has $22.81 target or 9.00% above today’s $20.93 share price. This indicates more upside for the $1.42B company. This technical setup was reported by Barchart.com. If the $22.81 PT is reached, the company will be worth $127.80 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 668,504 shares traded hands or 138.64% up from the average. Triton International Limited (NYSE:TRTN) has risen 18.40% since April 20, 2016 and is uptrending. It has outperformed by 13.85% 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 Reports Second Quarter 2016 Results and Declares …” on August 11, 2016, also Businesswire.com with their article: “Triton International Limited Reports Third Quarter 2016 Results and Declares …” published on November 10, 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 Businesswire.com‘s news article titled: “Triton International Limited Announces Dates for Second Quarter 2016 Earnings …” with publication date: July 29, 2016.

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