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Martin Mar Mtls Falls 3.92% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Martin Mar Mtls (NYSE:MLM) traded in a range yesterday that spanned from a low of $181.12 to a high of $186.88. Yesterday, the shares fell 3.9%, which took the trading range below the 3-day low of $184.30 on volume of 316,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Martin Mar Mtls share prices have moved between a 52-week high of $281.72 and a 52-week low of $135.08 and are now trading 34% above that low price at $180.86 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 2.3%.

Keywords: rebounders martin mar mtls

Ticker(s): MLM