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Ashland Global H Set to Possibly Pullback After Yesterday's Rally of 1.57%

By Amy Schwartz

Ashland Global H (NYSE:ASH) traded in a range yesterday that spanned from a low of $79.95 to a high of $80.89. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $80.10 on volume of 484,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Ashland Global H share prices have moved between a 52-week high of $86.63 and a 52-week low of $64.94 and are now trading 24% above that low price at $80.82 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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

Keywords: rebounders ashland global h

Ticker(s): ASH