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Assoc Banc-Corp Falls 3.01% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Assoc Banc-Corp (NYSE:ASB) traded in a range yesterday that spanned from a low of $26.20 to a high of $27.30. Yesterday, the shares fell 3.0%, which took the trading range below the 3-day low of $27.35 on volume of 1.6 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, Assoc Banc-Corp share prices have been bracketed by a low of $21.70 and a high of $29.02 and are now at $26.58, 22% 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 risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Assoc Banc-Corp on April 20th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.48. Since that recommendation, shares of Assoc Banc-Corp have risen 3.5%. We continue to monitor ASB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders assoc banc-corp

Ticker(s): ASB