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After Yesterday's Decline of 1.39%, Herman Miller Offers Investors Better Value

By Nick Russo

Herman Miller (NASDAQ:MLHR) traded in a range yesterday that spanned from a low of $37.20 to a high of $37.74. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $37.36 on volume of 251,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Herman Miller. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Herman Miller in search of a potential trend change.

Herman Miller share prices have moved between a 52-week high of $41.84 and a 52-week low of $28.66 and are now trading 32% above that low price at $37.74 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

Keywords: rebounders herman miller

Ticker(s): MLHR