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Ch Robinson Falls 1.68% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Ch Robinson (NASDAQ:CHRW) traded in a range yesterday that spanned from a low of $88.31 to a high of $89.35. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $88.76 on volume of 904,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

Ch Robinson share prices have moved between a 52-week high of $101.20 and a 52-week low of $78.83 and are now trading 13% above that low price at $89.35 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

Keywords: rebounders ch robinson

Ticker(s): CHRW