• Return to Headlines

SmarTrend Watching for Potential Rebound in Shares of Ch Robinson After 1.31% Loss

By Amy Schwartz

Ch Robinson (NASDAQ:CHRW) traded in a range yesterday that spanned from a low of $67.85 to a high of $69.05. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $68.24 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Ch Robinson share prices have been bracketed by a low of $65.57 and a high of $81.16 and are now at $68.51, 4% above that low price. The 200-day and 50-day moving averages have moved 0.22% higher and 0.14% higher over the past week, respectively.

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

Keywords: rebounders ch robinson

Ticker(s): CHRW