Hertz Global Holdings (NYSE: HTZ): Bullish Reversal Could Result in a Fast Rebound

Shares of car rental company Hertz Global Holdings (NYSE: HTZ) have plummeted nearly 40% since mid-August, erasing a nine-month rally in less than two months' time.
The selling began in force after the company withdrew its full-year financial guidance, blaming a shortage of cars due to recalls and costs associated with an accounting error. Analysts have since lowered their earnings estimates, and the losses have been exacerbated by broad market weakness.
But for traders, now is the time to look for seller exhaustion, as they could make quick gains by hopping on a bullish reversal. (more)

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