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Watch for Cooper Tire & Ru to Potentially Rebound After Falling 3.10% Yesterday

By Amy Schwartz

Cooper Tire & Ru (NYSE:CTB) traded in a range yesterday that spanned from a low of $31.20 to a high of $31.95. Yesterday, the shares fell 3.1%, which took the trading range below the 3-day low of $31.80 on volume of 383,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Cooper Tire & Ru on February 6th, 2018 by issuing a Downtrend alert when the shares were trading at $36.68. Since that call, shares of Cooper Tire & Ru have fallen 12.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Cooper Tire & Ru have traded between a low of $29.29 and a high of $44.50 and are now at $31.27, which is 7% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1%.

Keywords: rebounders cooper tire & ru

Ticker(s): CTB