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Univar Inc Falls 1.78% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Univar Inc (NYSE:UNVR) traded in a range yesterday that spanned from a low of $26.91 to a high of $27.56. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $27.41 on volume of 496,000 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 Univar Inc have traded between a low of $17.00 and a high of $33.15 and are now at $27.10, which is 59% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 1.6%.

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

Keywords: rebounders univar inc

Ticker(s): UNVR