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After Yesterday's Decline of 2.71%, Sanmina Corp Offers Investors Better Value

By Nick Russo

Sanmina Corp (NASDAQ:SANM) traded in a range yesterday that spanned from a low of $30.51 to a high of $30.88. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $30.77 on volume of 170,000 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 Sanmina Corp have traded between a low of $22.30 and a high of $34.71 and are now at $30.70, which is 38% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Sanmina Corp and will alert subscribers who have SANM in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders sanmina corp

Ticker(s): SANM