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Rayonier Adv Looks to Continue to Trade Below its Annual-Low Share Price Today

By Shiri Gupta

Shares of Rayonier Adv (NYSE:RYAM) traded at a new 52-week low today of $8.32. This new low was reached on below average trading volume as 154,000 shares traded hands, while the average 30-day volume is approximately 800,000 shares.

Rayonier Advanced Materials Inc operates as a performance fibers business. The company produces specialty cellulose fibers using proprietary cellulose chemistry knowledge and manufacturing processes.

Potential upside of 209.5% exists for Rayonier Adv, based on a current level of $8.32 and analysts' average consensus price target of $25.75. The stock should find initial resistance at its 50-day moving average (MA) of $13.46 and further resistance at its 200-day MA of $15.10.

Over the past year, Rayonier Advhas traded in a range of $8.32 to $22.07 and are now at $8.32. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 3%.

SmarTrend is monitoring the recent change of momentum in Rayonier Adv. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Rayonier Adv in search of a potential trend change.

Keywords: 52 week high/lows rayonier adv

Ticker(s): RYAM