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Look for Shares of Huntsman to Potentially Pullback after Yesterday's 1.79% Rise

By Amy Schwartz

Huntsman (NYSE:HUN) traded in a range yesterday that spanned from a low of $24.21 to a high of $24.51. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $24.37 on volume of 3.0 million 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 Huntsman have traded between a low of $7.45 and a high of $28.20 and are now at $24.38, which is 227% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 3.4%.

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

Keywords: rebounders Huntsman

Ticker(s): HUN