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After Yesterday's Decline of 10.11%, Ingredion Inc Offers Investors Better Value

By Shiri Gupta

Ingredion Inc (NYSE:INGR) traded in a range yesterday that spanned from a low of $98.53 to a high of $104.98. Yesterday, the shares fell 10.1%, which took the trading range below the 3-day low of $110.62 on volume of 2.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Ingredion Inc have traded between the current low of $98.53 and a high of $146.28 and are now at $98.61. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

SmarTrend is tracking the current trend status for Ingredion Inc and will alert subscribers who have INGR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders ingredion inc

Ticker(s): INGR