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After Yesterday's Decline of 9.40%, National Cinemed Offers Investors Better Value

By Amy Schwartz

National Cinemed (NASDAQ:NCMI) traded in a range yesterday that spanned from a low of $6.01 to a high of $6.43. Yesterday, the shares fell 9.4%, which took the trading range below the 3-day low of $6.60 on volume of 1.9 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 National Cinemed have traded between a low of $5.12 and a high of $16.10 and are now at $6.09, which is 19% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 0.2%.

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

Keywords: rebounders national cinemed

Ticker(s): NCMI