• Return to Headlines

After Yesterday's Decline of 1.93%, Avis Budget Group Offers Investors Better Value

By Nick Russo

Avis Budget Group (NYSE:CAR) traded in a range yesterday that spanned from a low of $31.95 to a high of $32.75. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $32.68 on volume of 766,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Avis Budget Group have traded between a low of $21.73 and a high of $56.74 and are now at $32.03, which is 47% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has slid 1%.

SmarTrend is tracking the current trend status for Avis Budget Group and will alert subscribers who have CAR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders Avis Budget Group

Ticker(s): CAR