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Recent 52-Week Low Surpassed in Shares of Rayonier Adv (RYAM)

By James Quinn

Shares of Rayonier Adv (NYSE:RYAM) traded today at $4.86, breaking its 52-week low. So far today approximately 226,000 shares have been exchanged, as compared to an average 30-day volume of 893,000 shares.

Rayonier Adv share prices have moved between a 52-week high of $22.07 and the current low of $4.86 and are currently at $4.86 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.9% while the 50-day MA has declined 7.7%.

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 429.8% exists for Rayonier Adv, based on a current level of $4.86 and analysts' average consensus price target of $25.75. The stock should run into initial resistance at its 50-day moving average (MA) of $7.05 and subsequent resistance at its 200-day MA of $12.12.

SmarTrend recommended that its subscribers protect gains by selling shares of Rayonier Adv on May 9th, 2019 by issuing a Downtrend alert when the shares were trading at $10.89. Since that call, shares of Rayonier Adv have fallen 54.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows rayonier adv

Ticker(s): RYAM