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Dycom Inds Set to Possibly Rebound After Yesterday's Selloff of 1.15%

By Nick Russo

Dycom Inds (NYSE:DY) traded in a range yesterday that spanned from a low of $87.77 to a high of $89.28. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $88.95 on volume of 173,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Dycom Inds have traded between a low of $70.33 and a high of $110.64 and are now at $87.84, which is 25% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Dycom Inds and will alert subscribers who have DY in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders dycom inds

Ticker(s): DY