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Domtar Corp Set to Possibly Pullback After Yesterday's Rally of 1.54%

By David Diaz

Domtar Corp (NYSE:UFS) traded in a range yesterday that spanned from a low of $37.51 to a high of $38.21. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $38.06 on volume of 52,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Domtar Corp have traded between a low of $31.72 and a high of $53.89 and are now at $38.17, which is 20% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has slid 0.5%.

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

Keywords: rebounders domtar corp

Ticker(s): UFS