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Look for Shares of MSC Industrial Direct to Potentially Rebound after Yesterday's 4.35% Sell Off
[January 10, 2013]

Look for Shares of MSC Industrial Direct to Potentially Rebound after Yesterday's 4.35% Sell Off

Jan 10, 2013 (SmarTrend(R) News Watch via COMTEX) -- MSC Industrial Direct (NYSE:MSM) traded in a range yesterday that spanned from a low of $71.44 to a high of $74.15. Yesterday, the shares fell 4.4%, which took the trading range below the 3-day low of $76.77 on volume of 2.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

In the past 52 weeks, shares of MSC Industrial Direct have traded between a low of $61.39 and a high of $84.76 and are now at $73.74, which is 20% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of MSC Industrial Direct on October 11th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $71.91. Since that recommendation, shares of MSC Industrial Direct have risen 7.1%. We continue to monitor MSM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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