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After Yesterday's Decline of 6.58%, Oxford Inds Inc Offers Investors Better Value

By James Quinn

Oxford Inds Inc (NYSE:OXM) traded in a range yesterday that spanned from a low of $73.30 to a high of $80.36. Yesterday, the shares fell 6.6%, which took the trading range below the 3-day low of $73.48 on volume of 411,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Oxford Inds Inc has traded in a range of $63.50 to $93.52 and is now at $74.13, 17% above that low. The 200-day and 50-day moving averages have moved 0.47% lower and 0.45% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Oxford Inds Inc on August 22nd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $70.51. Since that recommendation, shares of Oxford Inds Inc have risen 12.7%. We continue to monitor OXM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders oxford inds inc

Ticker(s): OXM