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SmarTrend Watching for Potential Rebound in Shares of Ingredion Inc After 1.10% Loss

By David Diaz

Ingredion Inc (NYSE:INGR) traded in a range yesterday that spanned from a low of $83.72 to a high of $84.24. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $84.11 on volume of 102,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Ingredion Inc have traded between a low of $82.32 and a high of $146.28 and are now at $83.94, which is 2% above that low price. The 200-day and 50-day moving averages have moved 0.3% lower and 0.61% lower over the past week, respectively.

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

Keywords: rebounders ingredion inc

Ticker(s): INGR