• Return to Headlines

Catchmark Timb-A Set to Possibly Rebound After Yesterday's Selloff of 7.64%

By David Diaz

Catchmark Timb-A (NYSE:CTT) traded in a range yesterday that spanned from a low of $12.52 to a high of $12.73. Yesterday, the shares fell 7.6%, which took the trading range below the 3-day low of $13.43 on volume of 2.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Catchmark Timb-A share prices have moved between a 52-week high of $13.73 and a 52-week low of $10.05 and are now trading 25% above that low price at $12.59 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.2%.

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

Keywords: rebounders catchmark timb-a

Ticker(s): CTT