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After Yesterday's Decline of 2.91%, Ingredion Inc Offers Investors Better Value

By Amy Schwartz

Ingredion Inc (NYSE:INGR) traded in a range yesterday that spanned from a low of $79.82 to a high of $82.78. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $80.79 on volume of 380,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Ingredion Inc have traded between a low of $59.11 and a high of $106.28 and are now at $80.70, which is 37% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1%.

SmarTrend is tracking the current trend status for Ingredion Inc and will alert subscribers who have INGR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders ingredion inc

Ticker(s): INGR