• Return to Headlines

Look for Shares of Wr Grace & Co to Potentially Rebound after Yesterday's 1.51% Sell Off

By James Quinn

Wr Grace & Co (NYSE:GRA) traded in a range yesterday that spanned from a low of $72.91 to a high of $74.31. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $73.46 on volume of 368,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Wr Grace & Co on April 10th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $64.66. Since that recommendation, shares of Wr Grace & Co have risen 14.8%. We continue to monitor GRA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Wr Grace & Co share prices have been bracketed by a low of $58.48 and a high of $77.37 and are now at $73.21, 25% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.

Keywords: rebounders wr grace & co

Ticker(s): GRA