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After Yesterday's Decline of 2.13%, Olin Corp Offers Investors Better Value

By Shiri Gupta

Olin Corp (NYSE:OLN) traded in a range yesterday that spanned from a low of $23.44 to a high of $23.61. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $23.71 on volume of 402,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Olin Corp share prices have been bracketed by a low of $17.87 and a high of $34.42 and are now at $23.44, 31% above that low price. The 200-day and 50-day moving averages have moved 0.57% lower and 1.24% higher over the past week, respectively.

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

Keywords: rebounders olin corp

Ticker(s): OLN