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SmarTrend Watching for Potential Rebound in Shares of Martin Mar Mtls After 4.91% Loss

By David Diaz

Martin Mar Mtls (NYSE:MLM) traded in a range yesterday that spanned from a low of $179.55 to a high of $189.68. Yesterday, the shares fell 4.9%, which took the trading range below the 3-day low of $180.54 on volume of 584,000 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.

In the past 52 weeks, Martin Mar Mtls share prices have been bracketed by a low of $135.08 and a high of $281.72 and are now at $179.38, 33% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 2%.

Keywords: rebounders martin mar mtls

Ticker(s): MLM