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Fcb Financial-A Set to Possibly Rebound After Yesterday's Selloff of 1.52%

By David Diaz

Fcb Financial-A (NYSE:FCB) traded in a range yesterday that spanned from a low of $57.50 to a high of $58.50. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $58.65 on volume of 268,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Fcb Financial-A on April 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.20. Since that recommendation, shares of Fcb Financial-A have risen 9.2%. We continue to monitor FCB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Fcb Financial-A have traded between a low of $39.90 and a high of $62.95 and are now at $58.15, which is 46% above that low price. The 200-day and 50-day moving averages have moved 0.53% higher and 0.22% higher over the past week, respectively.

Keywords: rebounders fcb financial-a

Ticker(s): FCB