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Look for Shares of Cabot Microelec to Potentially Rebound after Yesterday's 6.37% Sell Off

By James Quinn

Cabot Microelec (NASDAQ:CCMP) traded in a range yesterday that spanned from a low of $120.94 to a high of $125.75. Yesterday, the shares fell 6.4%, which took the trading range below the 3-day low of $132.38 on volume of 286,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

In the past 52 weeks, shares of Cabot Microelec have traded between a low of $82.24 and a high of $160.81 and are now at $123.76, which is 50% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.2%.

Keywords: rebounders cabot microelec

Ticker(s): CCMP