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Shares of CLW Down 47.2% Since Downtrend Call on Shares

By Nick Russo

SmarTrend identified a Downtrend for Clearwater (NYSE:CLW) on February 1st, 2018 at $46.78. In approximately 4 months, Clearwater has returned 47.19% as of today's recent price of $24.70.

In the past 52 weeks, shares of Clearwater have traded between a low of $22.50 and a high of $50.60 and are now at $24.70, which is 10% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.8% while the 200-day MA has slid 0.8%.

Clearwater Paper Corp. manufactures consumer tissue, bleached paperboard, and wood products. The Company supplies private label tissue to major retail grocery chains and produces bleached paperboard that is used by printers and packaging converters.

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

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

Keywords: spotlights clearwater

Ticker(s): CLW