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After Yesterday's Decline of 1.53%, Bankunited Inc Offers Investors Better Value

By Amy Schwartz

Bankunited Inc (NYSE:BKU) traded in a range yesterday that spanned from a low of $33.46 to a high of $34.58. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $33.96 on volume of 779,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Bankunited Inc has traded in a range of $32.34 to $44.97 and is now at $33.77, 4% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.9%.

SmarTrend is tracking the current trend status for Bankunited Inc and will alert subscribers who have BKU in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders bankunited inc

Ticker(s): BKU