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Omnova Solutions Shares Down 10.8% Since SmarTrend's Sell Call (OMN)

By Amy Schwartz

SmarTrend identified a Downtrend for Omnova Solutions (NYSE:OMN) on February 11th, 2019 at $7.85. In approximately 3 months, Omnova Solutions has returned 10.83% as of today's recent price of $7.00.

In the past 52 weeks, shares of Omnova Solutions have traded between a low of $6.28 and a high of $11.20 and are now at $7.00, which is 11% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.1%.

Omnova Solutions Inc. develops, manufactures, and markets emulsion polymers, specialty chemicals, and decorative and building products for industrial, commercial, and consumer markets. The Performance Chemicals unit serves the paper, carpet, and textile industries. Omnova Solutions manufactures products such as, coated fabrics and vinyl woodgrain.

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

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

Keywords: spotlights omnova solutions

Ticker(s): OMN