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Delphi Automotiv Set to Possibly Rebound After Yesterday's Selloff of 8.38%

By James Quinn

Delphi Automotiv (NYSE:DLPH) traded in a range yesterday that spanned from a low of $18.42 to a high of $20.05. Yesterday, the shares fell 8.4%, which took the trading range below the 3-day low of $18.67 on volume of 1.4 million 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 Delphi Automotiv have traded between the current low of $18.42 and a high of $104.99 and are now at $18.63. Over the last five market days, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has declined 4.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Delphi Automotiv on December 5th, 2017 by issuing a Downtrend alert when the shares were trading at $53.63. Since that call, shares of Delphi Automotiv have fallen 62.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders delphi automotiv

Ticker(s): DLPH