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Aerovironment In Set to Possibly Rebound After Yesterday's Selloff of 1.79%

By David Diaz

Aerovironment In (NASDAQ:AVAV) traded in a range yesterday that spanned from a low of $61.54 to a high of $62.83. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $61.80 on volume of 125,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Aerovironment In on March 18th, 2019 by issuing a Downtrend alert when the shares were trading at $71.61. Since that call, shares of Aerovironment In have fallen 12.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Aerovironment In have traded between a low of $56.00 and a high of $121.32 and are now at $62.05, which is 11% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.4%.

Keywords: rebounders aerovironment in

Ticker(s): AVAV