• Return to Headlines

Barnes & Noble Set to Possibly Rebound After Yesterday's Selloff of 2.55%

By Nick Russo

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.

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

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.

Keywords: rebounders Barnes & Noble

Ticker(s): BKS