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After Yesterday's Decline of 2.50%, Stericycle Inc Offers Investors Better Value

By Nick Russo

Stericycle Inc (NASDAQ:SRCL) traded in a range yesterday that spanned from a low of $43.83 to a high of $45.94. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $44.70 on volume of 318,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Stericycle Inc has traded in a range of $44.15 to $76.73 and is now at $45.18, 2% above that low. The 200-day and 50-day moving averages have moved 0.72% lower and 1.71% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Stericycle Inc on September 13th, 2018 by issuing a Downtrend alert when the shares were trading at $60.63. Since that call, shares of Stericycle Inc have fallen 25.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders stericycle inc

Ticker(s): SRCL