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Look for Shares of Domtar Corp to Potentially Rebound after Yesterday's 1.33% Sell Off

By Nick Russo

Domtar Corp (NYSE:UFS) traded in a range yesterday that spanned from a low of $49.65 to a high of $50.00. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $50.23 on volume of 184,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Domtar Corp share prices have moved between a 52-week high of $54.50 and a 52-week low of $33.81 and are now trading 47% above that low price at $49.65 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.9%.

SmarTrend recommended that subscribers consider buying shares of Domtar Corp on January 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.13. Since that recommendation, shares of Domtar Corp have risen 35.5%. We continue to monitor UFS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders domtar corp

Ticker(s): UFS