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After Yesterday's Decline of 1.22%, Pitney Bowes Inc Offers Investors Better Value

By Shiri Gupta

Pitney Bowes Inc (NYSE:PBI) traded in a range yesterday that spanned from a low of $7.28 to a high of $7.50. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $7.30 on volume of 861,000 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 Pitney Bowes Inc and will alert subscribers who have PBI in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Pitney Bowes Inc have traded between a low of $6.43 and a high of $14.80 and are now at $7.38, which is 15% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has slid 0.7%.

Keywords: rebounders pitney bowes inc

Ticker(s): PBI