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SmarTrend Watching for Potential Pullback in Shares of Huntsman After 1.79% Gain

By James Quinn

Huntsman (NYSE:HUN) traded in a range yesterday that spanned from a low of $24.21 to a high of $24.51. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $24.37 on volume of 3.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Huntsman share prices have moved between a 52-week high of $28.20 and a 52-week low of $7.45 and are now trading 227% above that low price at $24.38 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.4% while the 200-day MA has slid 0.8%.

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

Keywords: rebounders Huntsman

Ticker(s): HUN