Users: Holy Hand Grenade: TEX_10_Year.jpg
TEX_10_Year.jpg
TEX: Terex up 20% today on news it will merge with Finnish Konecrane to create the biggest crane company in the world.
BUT: the estimated $119 million in synergies...Will it be enough to overcome the coming construction crash in China? So here we get a trendline, a Fibbo, an RSI in the red zone, as we approach a 1000 day moving average at 28.36.
I think a stop loss at 28.50 is reasonable.
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