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Bloomin' Brands Set to Possibly Rebound After Yesterday's Selloff of 2.44%

By Nick Russo

Bloomin' Brands (:BLMN) traded in a range yesterday that spanned from a low of $23.17 to a high of $23.60. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $23.38 on volume of 99,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Bloomin' Brands share prices have moved between a 52-week high of $24.29 and a 52-week low of $15.12 and are now trading 54% above that low price at $23.22 per share. The 200-day and 50-day moving averages have moved 0.47% higher and 1.33% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Bloomin' Brands and will alert subscribers who have BLMN in their portfolio or watchlist when shares have changed trend direction.

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Ticker(s): BLMN