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Look for Shares of Tronox Ltd-Cl A to Potentially Pullback after Yesterday's 2.97% Rise

By James Quinn

Tronox Ltd-Cl A (NYSE:TROX) traded in a range yesterday that spanned from a low of $8.39 to a high of $9.72. Yesterday, the shares gained 3.0%, which took the trading range above the 3-day high of $9.69 on volume of 1.4 million 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 Tronox Ltd-Cl A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Tronox Ltd-Cl A in search of a potential trend change.

Tronox Ltd-Cl A share prices have moved between a 52-week high of $15.50 and a 52-week low of $6.46 and are now trading 50% above that low price at $9.67 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 2.8%.

Keywords: rebounders tronox ltd-cl a

Ticker(s): TROX