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Chart Industries Set to Possibly Rebound After Yesterday's Selloff of 2.98%

By Nick Russo

Chart Industries (NASDAQ:GTLS) traded in a range yesterday that spanned from a low of $79.14 to a high of $81.07. Yesterday, the shares fell 3.0%, which took the trading range below the 3-day low of $82.16 on volume of 229,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Chart Industries has traded in a range of $57.88 to $95.66 and is now at $79.71, 38% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has risen 0.2%.

SmarTrend is tracking the current trend status for Chart Industries and will alert subscribers who have GTLS in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders chart industries

Ticker(s): GTLS