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Apollo Commercia Falls 2.73% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Apollo Commercia (NYSE:ARI) traded in a range yesterday that spanned from a low of $18.03 to a high of $18.37. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $18.38 on volume of 1.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

In the past 52 weeks, Apollo Commercia share prices have been bracketed by a low of $17.80 and a high of $19.76 and are now at $18.16, 2% 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 remained constant.

Keywords: rebounders apollo commercia

Ticker(s): ARI