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SmarTrend Watching for Potential Rebound in Shares of Chemours Co After 2.74% Loss

By Amy Schwartz

Chemours Co (NYSE:CC) traded in a range yesterday that spanned from a low of $30.92 to a high of $32.41. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $32.70 on volume of 659,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Chemours Cohas traded in a range of $30.92 to $54.62 and are now at $31.82. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 2.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Chemours Co on August 15th, 2018 by issuing a Downtrend alert when the shares were trading at $42.98. Since that call, shares of Chemours Co have fallen 23.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders chemours co

Ticker(s): CC