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Astronics Corp Set to Possibly Rebound After Yesterday's Selloff of 7.35%

By David Diaz

Astronics Corp (NASDAQ:ATRO) traded in a range yesterday that spanned from a low of $39.19 to a high of $44.20. Yesterday, the shares fell 7.4%, which took the trading range below the 3-day low of $42.30 on volume of 301,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Astronics Corp share prices have been bracketed by a low of $27.56 and a high of $46.56 and are now at $40.94, 49% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.3%.

SmarTrend recommended that subscribers consider buying shares of Astronics Corp on April 1st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.66. Since that recommendation, shares of Astronics Corp have risen 31.3%. We continue to monitor ATRO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders astronics corp

Ticker(s): ATRO