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After Yesterday's Rally of 1.55% Shares Could Potentially Pullback

By Shiri Gupta

Ashland Global H (NYSE:ASH) traded in a range yesterday that spanned from a low of $73.86 to a high of $75.75. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $75.15 on volume of 303,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Ashland Global H on November 16th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.04. Since that recommendation, shares of Ashland Global H have risen 7.1%. We continue to monitor ASH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Ashland Global H share prices have moved between a 52-week high of $128.19 and a 52-week low of $59.80 and are now trading 26% above that low price at $75.53 per share. The 200-day and 50-day moving averages have moved 0.47% lower and 2.88% lower over the past week, respectively.

Keywords: rebounders ashland global h

Ticker(s): ASH