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After Yesterday's Decline of 2.22%, Scotts Miracle Offers Investors Better Value

By Nick Russo

Scotts Miracle (NYSE:SMG) traded in a range yesterday that spanned from a low of $100.79 to a high of $102.02. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $102.75 on volume of 222,000 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 Scotts Miracle and will alert subscribers who have SMG in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Scotts Miracle share prices have been bracketed by a low of $57.96 and a high of $114.63 and are now at $101.53, 75% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.7%.

Keywords: rebounders scotts miracle

Ticker(s): SMG