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SmarTrend Watching for Potential Rebound in Shares of Catalent Inc After 2.09% Loss

By David Diaz

Catalent Inc (NYSE:CTLT) traded in a range yesterday that spanned from a low of $57.56 to a high of $58.90. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $58.60 on volume of 222,000 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 Catalent Inc and will alert subscribers who have CTLT in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Catalent Inc have traded between a low of $36.75 and a high of $68.78 and are now at $57.89, which is 58% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 0.7%.

Keywords: rebounders catalent inc

Ticker(s): CTLT