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After Yesterday's Decline of 3.09%, Comerica Inc Offers Investors Better Value

By David Diaz

Comerica Inc (NYSE:CMA) traded in a range yesterday that spanned from a low of $92.55 to a high of $94.90. Yesterday, the shares fell 3.1%, which took the trading range below the 3-day low of $95.35 on volume of 2.2 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 Comerica Inc have traded between a low of $36.82 and a high of $102.66 and are now at $93.52, which is 154% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.8%.

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

Keywords: rebounders comerica inc

Ticker(s): CMA