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After Yesterday's Decline of 3.68%, Martin Mar Mtls Offers Investors Better Value

By James Quinn

Martin Mar Mtls (NYSE:MLM) traded in a range yesterday that spanned from a low of $168.75 to a high of $174.00. Yesterday, the shares fell 3.7%, which took the trading range below the 3-day low of $174.24 on volume of 249,000 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 Martin Mar Mtls have traded between a low of $135.08 and a high of $281.72 and are now at $170.10, which is 26% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 3.2%.

SmarTrend is tracking the current trend status for Martin Mar Mtls and will alert subscribers who have MLM in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders martin mar mtls

Ticker(s): MLM