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Shares of Orchids Paper Pr Fall Below Previous 52-Week Low

By Amy Schwartz

Orchids Paper Pr (AMEX:TIS) traded at a new 52-week low today of $1.35. This new low was reached on approximately average trading volume as 296,000 shares traded hands, while the average 30-day volume is approximately 298,000 shares.

Over the past year, Orchids Paper Prhas traded in a range of $1.35 to $36.31 and are now at $1.36. The 200-day and 50-day moving averages have moved 2.33% lower and 4.38% lower over the past week, respectively.

Orchids Paper Pr (AMEX:TIS) has potential upside of 800.7% based on a current price of $1.36 and analysts' consensus price target of $12.25. Orchids Paper Pr shares should first meet resistance at the 50-day moving average (MA) of $4.15 and find additional resistance at the 200-day MA of $9.11.

Orchids Paper Products Company manufactures bulk tissue paper, known as parent rolls and converts parent rolls into a full line of tissue products. The Company markets paper towels, bathroom tissue, paper napkins, and other products to the private label segment of the consumer tissue market, and focuses on serving value retailers. Orchids Paper serves customers in the United States.

SmarTrend recommended that its subscribers protect gains by selling shares of Orchids Paper Pr on June 29th, 2018 by issuing a Downtrend alert when the shares were trading at $3.94. Since that call, shares of Orchids Paper Pr have fallen 53.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows amex:tis orchids paper pr

Ticker(s): TIS