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

By Amy Schwartz

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.

Over the past year, Huntsman Corp has traded in a range of $24.51 to $36.09 and is now at $29.18, 19% above that low. The 200-day and 50-day moving averages have moved 0.12% higher and 0.07% higher over the past week, respectively.

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