• Return to Headlines

Look for Shares of Tronox Ltd-Cl A to Potentially Rebound after Yesterday's 1.33% Sell Off

By Amy Schwartz

Tronox Ltd-Cl A (NYSE:TROX) traded in a range yesterday that spanned from a low of $19.20 to a high of $19.77. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $19.28 on volume of 403,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Tronox Ltd-Cl A on November 30th, 2017 by issuing a Downtrend alert when the shares were trading at $23.34. Since that call, shares of Tronox Ltd-Cl A have fallen 16.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Tronox Ltd-Cl A has traded in a range of $15.07 to $28.40 and is now at $19.46, 29% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.0%.

Keywords: rebounders tronox ltd-cl a

Ticker(s): TROX