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Alliance Data Set to Possibly Rebound After Yesterday's Selloff of 1.57%

By James Quinn

Alliance Data (NYSE:ADS) traded in a range yesterday that spanned from a low of $103.01 to a high of $103.99. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $103.05 on volume of 219,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Alliance Data share prices have been bracketed by a low of $99.20 and a high of $182.95 and are now at $102.77, 4% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.6%.

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

Keywords: rebounders alliance data

Ticker(s): ADS