• Return to Headlines

Archer-Daniels Falls 1.13% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Archer-Daniels (NYSE:ADM) traded in a range yesterday that spanned from a low of $44.85 to a high of $45.16. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $45.02 on volume of 675,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Archer-Daniels. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Archer-Daniels in search of a potential trend change.

In the past 52 weeks, Archer-Daniels share prices have been bracketed by a low of $36.45 and a high of $47.20 and are now at $44.81, 23% above that low price. The 200-day and 50-day moving averages have moved 0.15% higher and 0.48% higher over the past week, respectively.

Keywords: rebounders archer-daniels

Ticker(s): ADM