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After Yesterday's Decline of 1.78%, Archer-Daniels Offers Investors Better Value

By David Diaz

Archer-Daniels (NYSE:ADM) traded in a range yesterday that spanned from a low of $41.14 to a high of $41.78. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $42.10 on volume of 1.8 million 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 Archer-Daniels and will alert subscribers who have ADM in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Archer-Daniels has traded in a range of $39.01 to $47.88 and is now at $41.35, 6% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.2%.

Keywords: rebounders archer-daniels

Ticker(s): ADM