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Mks Instruments Falls 2.63% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Mks Instruments (NASDAQ:MKSI) traded in a range yesterday that spanned from a low of $71.04 to a high of $74.50. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $73.05 on volume of 279,000 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 Mks Instruments on April 30th, 2019 by issuing a Downtrend alert when the shares were trading at $92.01. Since that call, shares of Mks Instruments have fallen 20.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Mks Instruments has traded in a range of $56.37 to $128.28 and is now at $71.48, 27% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.7%.

Keywords: rebounders mks instruments

Ticker(s): MKSI