• Return to Headlines

Look for Shares of Sociedad Quimica y Minera de Chile to Potentially Pullback after Yesterday's 3.24% Rise

By Nick Russo

Sociedad Quimica y Minera de Chile (NYSE:SQM) traded in a range yesterday that spanned from a low of $35.25 to a high of $36.41. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $35.51 on volume of 679,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Sociedad Quimica y Minera de Chile. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Sociedad Quimica y Minera de Chile in search of a potential trend change.

In the past 52 weeks, shares of Sociedad Quimica y Minera de Chile have traded between a low of $12.65 and a high of $37.24 and are now at $35.72, which is 182% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.4%.

Keywords: rebounders sociedad quimica y minera de chile

Ticker(s): SQM