Technical Summary: Since its IPO shares of TGH have had a penchant for finding its way to new lows. It is a sea of red in recent times as the stock has found its way unabated to new lows. This trend has accelerated recently as the stock gapped down after a poorly received earnings update. While the current price action is undeniably bearish the stock is starting to look a bit oversold as it becomes overextended from its 50-day moving average to the downside. All outcomes seem possible here but perhaps the most likely will be a dead cat bounce. However, aside from a potential short term trade there is no reason to buy now unless you were in the business of picking bottoms for stocks.