• Return to Headlines

American Airline Falls 2.74% on Heavy Volume: Watch For Potential Rebound

By David Diaz

American Airline (NASDAQ:AAL) traded in a range yesterday that spanned from a low of $26.96 to a high of $27.77. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $28.01 on volume of 3.5 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 American Airline have traded between a low of $24.23 and a high of $40.58 and are now at $27.50, which is 13% above that low price. The 200-day and 50-day moving averages have moved 0.23% lower and 0.04% higher over the past week, respectively.

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

Keywords: rebounders american airline

Ticker(s): AAL