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Watch for Martin Mar Mtls to Potentially Pullback After Gaining 2.51% Yesterday

Comtex SmarTrend(R) - Tue Sep 15, 12:30PM CDT

Martin Mar Mtls (NYSE:MLM) traded in a range yesterday that spanned from a low of $217.54 to a high of $222.65. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $217.58 on volume of 190,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend 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 64% above that low price at $221.89 per share. The 200-day and 50-day moving averages have moved 0.36% lower and 0.02% higher over the past week, respectively.

Write to SmarTrend at cs@mysmartrend.com

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