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After Yesterday's Decline of 2.53%, Olin Corp Offers Investors Better Value

By Nick Russo

Olin Corp (NYSE:OLN) traded in a range yesterday that spanned from a low of $31.94 to a high of $32.95. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $32.70 on volume of 901,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Olin Corp on February 7th, 2018 by issuing a Downtrend alert when the shares were trading at $34.53. Since that call, shares of Olin Corp have fallen 5.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Olin Corp has traded in a range of $18.24 to $38.84 and is now at $32.19, 76% above that low. The 200-day and 50-day moving averages have moved 0.22% lower and 3.26% higher over the past week, respectively.

Keywords: rebounders olin corp

Ticker(s): OLN