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After Yesterday's Decline of 1.42%, Mks Instruments Offers Investors Better Value

By Shiri Gupta

Mks Instruments (NASDAQ:MKSI) traded in a range yesterday that spanned from a low of $79.60 to a high of $81.50. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $79.85 on volume of 235,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

In the past 52 weeks, Mks Instruments share prices have been bracketed by a low of $56.37 and a high of $128.28 and are now at $79.60, 41% above that low price. The 200-day and 50-day moving averages have moved 0.3% lower and 0.23% lower over the past week, respectively.

Keywords: rebounders mks instruments

Ticker(s): MKSI