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Capital One Fina Falls 1.14% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Capital One Fina (NYSE:COF) traded in a range yesterday that spanned from a low of $97.56 to a high of $99.60. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $98.43 on volume of 459,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Capital One Fina has traded in a range of $58.02 to $106.50 and is now at $97.65, 68% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.6%.

SmarTrend is tracking the current trend status for Capital One Fina and will alert subscribers who have COF in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders capital one fina

Ticker(s): COF