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SmarTrend Watching for Potential Rebound in Shares of Rogers Corp After 12.06% Loss

By James Quinn

Rogers Corp (NYSE:ROG) traded in a range yesterday that spanned from a low of $151.24 to a high of $160.42. Yesterday, the shares fell 12.1%, which took the trading range below the 3-day low of $171.98 on volume of 389,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

Over the past year, Rogers Corp has traded in a range of $89.21 to $206.43 and is now at $152.39, 71% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.0%.

Keywords: rebounders rogers corp

Ticker(s): ROG