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Martin Mar Mtls Set to Possibly Rebound After Yesterday's Selloff of 2.07%

By Shiri Gupta

Martin Mar Mtls (NYSE:MLM) traded in a range yesterday that spanned from a low of $205.85 to a high of $211.79. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $207.56 on volume of 144,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Martin Mar Mtls share prices have moved between a 52-week high of $244.32 and a 52-week low of $167.06 and are now trading 23% above that low price at $206.14 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has risen 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Martin Mar Mtls on February 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $219.23. Since that call, shares of Martin Mar Mtls have fallen 4.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders martin mar mtls

Ticker(s): MLM