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SmarTrend Watching for Potential Pullback in Shares of Axalta Coating S After 5.30% Gain

By James Quinn

Axalta Coating S (NYSE:AXTA) traded in a range yesterday that spanned from a low of $29.66 to a high of $29.99. Yesterday, the shares gained 5.3%, which took the trading range above the 3-day high of $28.78 on volume of 215,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Axalta Coating S has traded in a range of $21.58 to $32.20 and is now at $29.92, 39% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

SmarTrend is tracking the current trend status for Axalta Coating S and will alert subscribers who have AXTA in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders axalta coating s

Ticker(s): AXTA