Tata Motors Limited (TTM) Could Burn Your Portfolio. The Stock Formed Bearish Wedge Down

July 2, 2018 - By Megan Stone

Tata Motors Limited (NYSE:TTM) Logo

The stock of Tata Motors Limited (TTM) formed a down wedge with $18.20 target or 8.00 % below today’s $19.79 share price. The 6 months wedge indicates high risk for the $12.99B company. If the $18.20 price target is reached, the company will be worth $1.04B 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 increased 1.20% or $0.235 during the last trading session, reaching $19.785. About 840,900 shares traded. Tata Motors Limited (NYSE:TTM) has declined 41.71% since July 2, 2017 and is downtrending. It has underperformed by 54.28% the S&P500.

More news for Tata Motors Limited (NYSE:TTM) were recently published by: Seekingalpha.com, which released: “Wall Street Breakfast: Second Round Of Bank Stress Tests” on June 28, 2018. Fool.com‘s article titled: “These Cars Will Challenge Tesla in the Next 2 Years” and published on June 20, 2018 is yet another important article.

Tata Motors Limited designs, manufactures, and sells a range of automotive vehicles. The company has market cap of $12.99 billion. It operates through Automotive Operations and All Other Operations divisions. It has a 14.23 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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