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Delta Air Li Set to Possibly Rebound After Yesterday's Selloff of 2.73%

By Amy Schwartz

Delta Air Li (NYSE:DAL) traded in a range yesterday that spanned from a low of $54.54 to a high of $56.00. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $56.67 on volume of 2.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Delta Air Li and will alert subscribers who have DAL in their portfolio or watchlist when shares have changed trend direction.

Delta Air Li share prices have moved between a 52-week high of $63.44 and a 52-week low of $45.08 and are now trading 23% above that low price at $55.44 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders delta air li

Ticker(s): DAL