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After Yesterday's Decline of 1.56%, Sanofi-Aventis Offers Investors Better Value

By Amy Schwartz

Sanofi-Aventis (NYSE:SNY) traded in a range yesterday that spanned from a low of $43.97 to a high of $44.26. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $44.25 on volume of 1.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Sanofi-Aventis share prices have been bracketed by a low of $36.81 and a high of $54.98 and are now at $44.04, 20% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Sanofi-Aventis on January 13th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.50. Since that recommendation, shares of Sanofi-Aventis have risen 7.9%. We continue to monitor SNY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Sanofi-Aventis

Ticker(s): SNY