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Barnes & Noble Falls 2.55% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Barnes & Noble (NYSE:BKS) traded in a range yesterday that spanned from a low of $4.95 to a high of $5.11. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $5.07 on volume of 722,000 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 Barnes & Noble and will alert subscribers who have BKS in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Barnes & Noble share prices have been bracketed by a low of $4.45 and a high of $7.81 and are now at $4.95, 11% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.3%.

Keywords: rebounders Barnes & Noble

Ticker(s): BKS