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Watch for Us Concrete Inc to Potentially Rebound After Falling 1.03% Yesterday

By Nick Russo

Us Concrete Inc (NASDAQ:USCR) traded in a range yesterday that spanned from a low of $47.09 to a high of $51.37. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $51.00 on volume of 277,000 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 Us Concrete Inc have traded between a low of $30.41 and a high of $56.22 and are now at $47.90, which is 58% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.6%.

SmarTrend is tracking the current trend status for Us Concrete Inc and will alert subscribers who have USCR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders us concrete inc

Ticker(s): USCR