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Bank Ny Mellon Set to Possibly Rebound After Yesterday's Selloff of 2.07%

By David Diaz

Bank Ny Mellon (NYSE:BK) traded in a range yesterday that spanned from a low of $51.24 to a high of $52.01. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $52.03 on volume of 1.8 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 Bank Ny Mellon and will alert subscribers who have BK in their portfolio or watchlist when shares have changed trend direction.

Bank Ny Mellon share prices have moved between a 52-week high of $54.59 and a 52-week low of $35.72 and are now trading 44% above that low price at $51.44 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 0.2%.

Keywords: rebounders bank ny mellon

Ticker(s): BK