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Westrock Co Set to Possibly Rebound After Yesterday's Selloff of 3.17%

By James Quinn

Westrock Co (NYSE:WRK) traded in a range yesterday that spanned from a low of $37.72 to a high of $39.11. Yesterday, the shares fell 3.2%, which took the trading range below the 3-day low of $38.88 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Westrock Co share prices have moved between a 52-week high of $67.96 and a 52-week low of $35.20 and are now trading 8% above that low price at $37.92 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for Westrock Co and will alert subscribers who have WRK in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders westrock co

Ticker(s): WRK