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Ddr Corp Set to Possibly Rebound After Yesterday's Selloff of 1.92%

By Nick Russo

Ddr Corp (NYSE:DDR) traded in a range yesterday that spanned from a low of $7.36 to a high of $7.61. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $7.45 on volume of 2.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Ddr Corp has traded in a range of $6.77 to $19.92 and is now at $7.42, 10% above that low. The 200-day and 50-day moving averages have moved 0.20% higher and 0.67% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Ddr Corp on February 1st, 2018 by issuing a Downtrend alert when the shares were trading at $7.99. Since that call, shares of Ddr Corp have fallen 5.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders ddr corp

Ticker(s): DDR