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After Yesterday's Decline of 22.36%, Mcbc Holdings In Offers Investors Better Value

By Shiri Gupta

Mcbc Holdings In (NASDAQ:MCFT) traded in a range yesterday that spanned from a low of $13.80 to a high of $14.85. Yesterday, the shares fell 22.4%, which took the trading range below the 3-day low of $15.95 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, shares of Mcbc Holdings In have traded between a low of $13.33 and a high of $39.50 and are now at $14.12, which is 6% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 2.4%.

SmarTrend is monitoring the recent change of momentum in Mcbc Holdings In. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mcbc Holdings In in search of a potential trend change.

Keywords: rebounders mcbc holdings in

Ticker(s): MCFT