Technical Summary: There is a lot of red on the chart of TGH, a stock that has really struggled getting any momentum and has spent most of its tradeable life in a downtrend. The trend appears to be have been broken by a surprise takeover offer last week. The offer for the stock was at $1.23 per share. Naturally the stock gapped up on its open and traded in a range between around $1.10 to $1.15 per share. The discount to the takeover price suggests that the market does not think that the takeover offer is a done deal. Until there is a response from TGH there is probably little to do here unless you were an investor that was felt they were stuck in the stock and looking for an opportunity to get out at breakeven, a
small loss or a small profit. Judging by the increases in volume over the last couple of trading days it appears a lot of people were making this play. The other alternative is if you felt that the takeover was going to go through then there would be a risk free difference between the current share price and the takeover price.