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Shares of Rayonier Adv Fall Below Previous 52-Week Low

By Amy Schwartz

Rayonier Adv (NYSE:RYAM) traded today at a new 52-week low of $9.02. This new low was reached on approximately average trading volume as 449,000 shares traded hands, while the average 30-day volume is approximately 595,000 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 185.5% exists for Rayonier Adv, based on a current level of $9.02 and analysts' average consensus price target of $25.75. The stock should run into initial resistance at its 50-day moving average (MA) of $13.87 and subsequent resistance at its 200-day MA of $15.28.

In the past 52 weeks, Rayonier Adv share prices have been bracketed by a current low of $9.02 and a high of $22.07 and are now at $9.02. The 200-day and 50-day moving averages have moved 0.86% lower and 1.67% lower over the past week, respectively.

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