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Watch for Huntsman Corp to Potentially Rebound After Falling 3.77% Yesterday

By Nick Russo

Huntsman Corp (NYSE:HUN) traded in a range yesterday that spanned from a low of $23.50 to a high of $23.74. Yesterday, the shares fell 3.8%, which took the trading range below the 3-day low of $23.51 on volume of 1.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Huntsman Corp share prices have moved between a 52-week high of $33.58 and a 52-week low of $17.58 and are now trading 34% above that low price at $23.50 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has slid 0.5%.

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

Keywords: rebounders huntsman corp

Ticker(s): HUN