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SmarTrend Watching for Potential Rebound in Shares of Mks Instruments After 2.92% Loss

By David Diaz

Mks Instruments (NASDAQ:MKSI) traded in a range yesterday that spanned from a low of $70.33 to a high of $72.42. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $71.33 on volume of 103,000 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 Mks Instruments have traded between a low of $39.32 and a high of $128.28 and are now at $70.44, which is 79% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 0.6%.

SmarTrend is monitoring the recent change of momentum in Mks Instruments. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mks Instruments in search of a potential trend change.

Keywords: rebounders mks instruments

Ticker(s): MKSI