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After Yesterday's Decline of 1.13%, Itt Inc Offers Investors Better Value

By Amy Schwartz

Itt Inc (NYSE:ITT) traded in a range yesterday that spanned from a low of $67.93 to a high of $69.72. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $68.86 on volume of 210,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Itt Inc share prices have moved between a 52-week high of $75.56 and a 52-week low of $52.87 and are now trading 31% above that low price at $69.43 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

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

Keywords: rebounders itt inc

Ticker(s): ITT