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SmarTrend Watching for Potential Rebound in Shares of Kronos Worldwide After 1.51% Loss

By Shiri Gupta

Kronos Worldwide (NYSE:KRO) traded in a range yesterday that spanned from a low of $22.62 to a high of $23.95. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $22.98 on volume of 458,000 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 Kronos Worldwide have traded between a low of $4.70 and a high of $29.49 and are now at $23.71, which is 405% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has slid 1.2%.

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

Keywords: rebounders kronos worldwide

Ticker(s): KRO