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After Yesterday's Decline of 3.10%, Anheuser-Busch InBev Offers Investors Better Value

By Shiri Gupta

Anheuser-Busch InBev (NYSE:BUD) traded in a range yesterday that spanned from a low of $115.35 to a high of $116.57. Yesterday, the shares fell 3.1%, which took the trading range below the 3-day low of $119.31 on volume of 2.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Anheuser-Busch InBev on February 9th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $106.35. Since that recommendation, shares of Anheuser-Busch InBev have risen 12.4%. We continue to monitor BUD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Anheuser-Busch InBev have traded between a low of $98.28 and a high of $136.08 and are now at $116.18, which is 18% 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 advanced 0.6%.

Keywords: rebounders Anheuser-Busch InBev

Ticker(s): BUD