SmarTrend Watching for Potential Rebound in Shares of Mettler-Toledo International After 2.21% Loss
Mettler-Toledo International (NYSE:MTD) traded in a range yesterday that spanned from a low of $348.00 to a high of $363.14. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $351.14 on volume of 147,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
SmarTrend recommended that subscribers consider buying shares of Mettler-Toledo International on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $323.93. Since that recommendation, shares of Mettler-Toledo International have risen 12.4%. We continue to monitor MTD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Over the past year, Mettler-Toledo International has traded in a range of $275.30 to $368.41 and is now at $355.99, 29% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.
Keywords: rebounders mettler-toledo international