Titan Machinery (TITN) volatility decreases as shares rally 20% on results and guidance

Titan Machinery (Nasdaq: TITN) is recently up $5.09 to $32.56 on better than expected 2013 guidance. Feltl and Company has a Strong Buy and a $41.41 price target on the company. May put option implied volatility is at 48, June is at 49; below its 26-week average of 55 according to Track Data, suggesting decreasing price movement.

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