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Alliance Data Set to Possibly Rebound After Yesterday's Selloff of 1.04%

By Amy Schwartz

Alliance Data (NYSE:ADS) traded in a range yesterday that spanned from a low of $149.77 to a high of $151.50. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $150.00 on volume of 867,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Alliance Data share prices have moved between a 52-week high of $250.27 and a 52-week low of $133.56 and are now trading 13% above that low price at $151.23 per share. The 200-day and 50-day moving averages have moved 0.47% lower and 0.57% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Alliance Data on July 3rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $146.03. Since that recommendation, shares of Alliance Data have risen 4.4%. We continue to monitor ADS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders alliance data

Ticker(s): ADS