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Mueller Inds Shares Down 24.3% Since SmarTrend's Sell Call (MLI)

By Shiri Gupta

SmarTrend identified a Downtrend for Mueller Inds (NYSE:MLI) on September 7th, 2018 at $30.39. In approximately 3 months, Mueller Inds has returned 24.25% as of today's recent price of $23.02.

Over the past year, Mueller Indshas traded in a range of $21.96 to $37.57 and are now at $22.88. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.3%.

Mueller Industries, Inc. manufactures and sells brass, copper, plastic, and aluminum products. The Company's products include copper tube and fittings, brass and copper alloy rods and bars, aluminum and brass forgings, aluminum and copper impact extrusions, plastic fittings and valves, refrigeration valves and fittings, and fabricated tubular products.

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

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

Keywords: spotlights mueller inds

Ticker(s): MLI