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Watch for Martin Mar Mtls to Potentially Rebound After Falling 3.68% Yesterday

By Nick Russo

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.

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, 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. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.2% while the 200-day MA has slid 0.4%.

Keywords: rebounders martin mar mtls

Ticker(s): MLM