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After Yesterday's Rally of 3.67% Shares Could Potentially Pullback

By Nick Russo

Schweitzer-Maudu (NYSE:SWM) traded in a range yesterday that spanned from a low of $42.79 to a high of $44.15. Yesterday, the shares gained 3.7%, which took the trading range above the 3-day high of $44.05 on volume of 372,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Schweitzer-Maudu share prices have moved between a 52-week high of $45.85 and a 52-week low of $24.35 and are now trading 81% above that low price at $44.01 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 2.4%.

SmarTrend recommended that subscribers consider buying shares of Schweitzer-Maudu on October 23rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.37. Since that recommendation, shares of Schweitzer-Maudu have risen 7.8%. We continue to monitor SWM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders schweitzer-maudu

Ticker(s): SWM