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

By Nick Russo

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. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.4%.

Keywords: rebounders pitney bowes inc

Ticker(s): PBI