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Cabot Corp Down 12.9% Since SmarTrend Downtrend Call (CBT)

By Amy Schwartz

SmarTrend identified a Downtrend for Cabot Corp (NYSE:CBT) on February 5th, 2018 at $64.24. In approximately 2 months, Cabot Corp has returned 12.91% as of today's recent price of $55.94.

In the past 52 weeks, Cabot Corp share prices have been bracketed by a low of $42.27 and a high of $68.63 and are now at $55.94, 32% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.3%.

Cabot Corporation has businesses in chemicals, performance materials, and specialty fluids. The Company manufactures and sells carbon black, fumed silica, plastics, ink jet colorants, tantalum, niobium, and germanium. Cabot's specialty fluids business produces and markets cesium formate as a drilling and completion fluid for use in oil and gas well operations.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Cabot Corp.

Log in and add Cabot Corp (CBT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights cabot corp

Ticker(s): CBT