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Look for Shares of Huntsman Corp to Potentially Rebound after Yesterday's 1.38% Sell Off

By James Quinn

Huntsman Corp (NYSE:HUN) traded in a range yesterday that spanned from a low of $29.08 to a high of $29.78. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $29.36 on volume of 1.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Huntsman Corp have traded between a low of $24.51 and a high of $36.09 and are now at $29.18, which is 19% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

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

Keywords: rebounders huntsman corp

Ticker(s): HUN