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Cal-Maine Foods Set to Possibly Rebound After Yesterday's Selloff of 1.04%

By James Quinn

Cal-Maine Foods (NASDAQ:CALM) traded in a range yesterday that spanned from a low of $39.97 to a high of $40.29. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $40.28 on volume of 111,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Cal-Maine Foods have traded between a low of $36.65 and a high of $51.55 and are now at $39.99, which is 9% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Cal-Maine Foods and will alert subscribers who have CALM in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders cal-maine foods

Ticker(s): CALM