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Ameriprise Finan Set to Possibly Rebound After Yesterday's Selloff of 2.66%

By Nick Russo

Ameriprise Finan (NYSE:AMP) traded in a range yesterday that spanned from a low of $136.10 to a high of $139.51. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $137.05 on volume of 322,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Ameriprise Finan share prices have moved between a 52-week high of $149.99 and a 52-week low of $84.92 and are now trading 60% above that low price at $136.20 per share. The 200-day and 50-day moving averages have moved 0.62% lower and 1.02% higher over the past week, respectively.

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

Keywords: rebounders ameriprise finan

Ticker(s): AMP