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Dsw Inc-Cl A Set to Possibly Rebound After Yesterday's Selloff of 1.65%

By Nick Russo

Dsw Inc-Cl A (NYSE:DSW) traded in a range yesterday that spanned from a low of $24.65 to a high of $25.86. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $24.81 on volume of 672,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Dsw Inc-Cl A share prices have been bracketed by a low of $18.01 and a high of $34.63 and are now at $24.99, 39% above that low price. The 200-day and 50-day moving averages have moved 0.41% higher and 1.21% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Dsw Inc-Cl A on October 11th, 2018 by issuing a Downtrend alert when the shares were trading at $28.09. Since that call, shares of Dsw Inc-Cl A have fallen 9.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders dsw inc-cl a

Ticker(s): DSW