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After Yesterday's Rally of 1.39% Shares Could Potentially Pullback

By Shiri Gupta

Ashland Global H (NYSE:ASH) traded in a range yesterday that spanned from a low of $79.40 to a high of $80.81. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $79.81 on volume of 213,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Ashland Global H on December 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.16. Since that recommendation, shares of Ashland Global H have risen 6.0%. We continue to monitor ASH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Ashland Global H have traded between a low of $70.50 and a high of $81.22 and are now at $79.58, which is 13% above that low price. The 200-day and 50-day moving averages have moved 0.06% lower and 0.63% higher over the past week, respectively.

Keywords: rebounders ashland global h

Ticker(s): ASH