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Fireeye Inc Set to Possibly Rebound After Yesterday's Selloff of 2.19%

By David Diaz

Fireeye Inc (NASDAQ:FEYE) traded in a range yesterday that spanned from a low of $17.09 to a high of $17.79. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $17.50 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.

In the past 52 weeks, Fireeye Inc share prices have been bracketed by a low of $10.35 and a high of $19.36 and are now at $17.42, 68% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has slid 2%.

SmarTrend recommended that subscribers consider buying shares of Fireeye Inc on January 26th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.63. Since that recommendation, shares of Fireeye Inc have risen 14.2%. We continue to monitor FEYE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders fireeye inc

Ticker(s): FEYE