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Elec For Imaging Set to Possibly Rebound After Yesterday's Selloff of 2.50%

By David Diaz

Elec For Imaging (NASDAQ:EFII) traded in a range yesterday that spanned from a low of $26.34 to a high of $27.24. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $26.44 on volume of 72,000 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 Elec For Imaging have traded between a low of $25.28 and a high of $51.15 and are now at $26.53, which is 5% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Elec For Imaging on October 26th, 2018 by issuing a Downtrend alert when the shares were trading at $29.73. Since that call, shares of Elec For Imaging have fallen 8.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders elec for imaging

Ticker(s): EFII