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Watch for Domtar Corp to Potentially Rebound After Falling 1.33% Yesterday

By James Quinn

Domtar Corp (NYSE:UFS) traded in a range yesterday that spanned from a low of $49.65 to a high of $50.00. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $50.23 on volume of 184,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Domtar Corp on January 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.13. Since that recommendation, shares of Domtar Corp have risen 35.5%. We continue to monitor UFS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Domtar Corp share prices have been bracketed by a low of $33.81 and a high of $54.50 and are now at $49.65, 47% above that low price. The 200-day and 50-day moving averages have moved 0.10% higher and 1.93% higher over the past week, respectively.

Keywords: rebounders domtar corp

Ticker(s): UFS