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Downtrend Call Working As Myers Inds Inc Stock Falls 28.9% (MYE)

By Shiri Gupta

SmarTrend identified a Downtrend for Myers Inds Inc (NYSE:MYE) on October 1st, 2018 at $22.99. In approximately 1 month, Myers Inds Inc has returned 28.85% as of today's recent price of $16.36.

In the past 52 weeks, Myers Inds Inc share prices have been bracketed by a low of $15.25 and a high of $25.70 and are now at $16.36, 7% above that low price. The 200-day and 50-day moving averages have moved 0.47% lower and 2.36% lower over the past week, respectively.

Myers Industries, Inc. manufactures plastic and rubber products for industrial, agricultural, automotive, commercial, and consumer markets. The Company's products include plastic containers, rubber tire repair products, and custom rubber materials. Myers is also a wholesale distributor of tools, equipment, and supplies for the tire service and automotive underbody repair industry.

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

Log in and add Myers Inds Inc (MYE) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights myers inds inc

Ticker(s): MYE