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Avista Corp Falls 3.18% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Avista Corp (NYSE:AVA) traded in a range yesterday that spanned from a low of $51.01 to a high of $51.90. Yesterday, the shares fell 3.2%, which took the trading range below the 3-day low of $52.66 on volume of 947,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Avista Corp share prices have moved between a 52-week high of $52.91 and a 52-week low of $41.40 and are now trading 24% above that low price at $51.16 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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

Keywords: rebounders avista corp

Ticker(s): AVA