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Cdw Corp/De Set to Possibly Rebound After Yesterday's Selloff of 1.03%

By Nick Russo

Cdw Corp/De (NASDAQ:CDW) traded in a range yesterday that spanned from a low of $133.98 to a high of $137.25. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $136.18 on volume of 180,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Cdw Corp/De share prices have been bracketed by a low of $74.32 and a high of $138.88 and are now at $135.58, 82% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.2%.

SmarTrend is tracking the current trend status for Cdw Corp/De and will alert subscribers who have CDW in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders cdw corp/de

Ticker(s): CDW