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Tronox Ltd-Cl A Set to Possibly Pullback After Yesterday's Rally of 5.12%

By James Quinn

Tronox Ltd-Cl A (NYSE:TROX) traded in a range yesterday that spanned from a low of $9.00 to a high of $9.53. Yesterday, the shares gained 5.1%, which took the trading range above the 3-day high of $9.25 on volume of 744,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Tronox Ltd-Cl A and will alert subscribers who have TROX in their portfolio or watchlist when shares have changed trend direction.

Tronox Ltd-Cl A share prices have moved between a 52-week high of $15.50 and a 52-week low of $6.71 and are now trading 39% above that low price at $9.34 per share. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 2.1%.

Keywords: rebounders tronox ltd-cl a

Ticker(s): TROX