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After Yesterday's Decline of 2.60%, Franklin Res Inc Offers Investors Better Value

By James Quinn

Franklin Res Inc (NYSE:BEN) traded in a range yesterday that spanned from a low of $42.27 to a high of $43.18. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $42.33 on volume of 972,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Franklin Res Inc share prices have moved between a 52-week high of $47.65 and a 52-week low of $30.56 and are now trading 39% above that low price at $42.38 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has slid 0.7%.

SmarTrend is tracking the current trend status for Franklin Res Inc and will alert subscribers who have BEN in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders franklin res inc

Ticker(s): BEN