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Martin Mar Mtls Set to Possibly Rebound After Yesterday's Selloff of 2.37%

By Amy Schwartz

Martin Mar Mtls (NYSE:MLM) traded in a range yesterday that spanned from a low of $170.16 to a high of $176.72. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $174.74 on volume of 428,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Martin Mar Mtls have traded between the current low of $170.16 and a high of $241.33 and are now at $171.40. The 200-day and 50-day moving averages have moved 0.2% lower and 0.68% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Martin Mar Mtls and will alert subscribers who have MLM in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders martin mar mtls

Ticker(s): MLM