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TORM Makes Bearish Cross Below Critical Moving Average

By Market News Video Staff, Friday, August 5, 2:50 PM ET
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In trading on Friday, shares of TOR Minerals International Inc (NASDAQ:TORM) crossed below their 200 day moving average of $13.87, changing hands as low as $13.48 per share. TOR Minerals International Inc shares are currently trading down about 7.4% on the day. The chart below shows the one year performance of TORM shares, versus its 200 day moving average:

TOR Minerals International Inc 200 Day Moving Average Chart

Looking at the chart above, TORM's low point in its 52 week range is $5.30 per share, with $24.80 as the 52 week high point that compares with a last trade of $15.70.

TORM operates in the Specialty Chemicals sector, among companies like RPM International Inc (NYSE:RPM) which is up about 1% today, and Valspar Corp. (NYSE:VAL) trading up by about 2.1%. Below is a three month price history chart comparing the stock performance of TORM, versus RPM and VAL.

TORM,RPM,VAL Relative Performance Chart


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