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Aircastle Ltd Set to Possibly Rebound After Yesterday's Selloff of 7.12%

By Shiri Gupta

Aircastle Ltd (NYSE:AYR) traded in a range yesterday that spanned from a low of $20.90 to a high of $21.43. Yesterday, the shares fell 7.1%, which took the trading range below the 3-day low of $22.15 on volume of 3.1 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, Aircastle Ltd share prices have been bracketed by a low of $18.26 and a high of $25.98 and are now at $21.21, 16% above that low price. The 200-day and 50-day moving averages have moved 0.25% lower and 0.81% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Aircastle Ltd on March 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.66. Since that recommendation, shares of Aircastle Ltd have risen 11.1%. We continue to monitor AYR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders aircastle ltd

Ticker(s): AYR