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Delphi Automotiv Falls 3.98% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Delphi Automotiv (NYSE:DLPH) traded in a range yesterday that spanned from a low of $18.53 to a high of $19.36. Yesterday, the shares fell 4.0%, which took the trading range below the 3-day low of $19.83 on volume of 668,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Delphi Automotiv on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.79. Since that recommendation, shares of Delphi Automotiv have risen 22.6%. We continue to monitor DLPH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Delphi Automotiv have traded between a low of $13.18 and a high of $53.78 and are now at $18.61, which is 41% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has advanced 2.0%.

Keywords: rebounders delphi automotiv

Ticker(s): DLPH