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After Yesterday's Decline of 2.37%, Vail Resorts Offers Investors Better Value

By Shiri Gupta

Vail Resorts (NYSE:MTN) traded in a range yesterday that spanned from a low of $212.92 to a high of $215.87. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $217.09 on volume of 139,000 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 Vail Resorts have traded between a low of $179.60 and a high of $302.76 and are now at $213.00, which is 19% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Vail Resorts on February 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $201.54. Since that recommendation, shares of Vail Resorts have risen 8.2%. We continue to monitor MTN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders vail resorts

Ticker(s): MTN