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First American F Falls 1.35% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

First American F (NYSE:FAF) traded in a range yesterday that spanned from a low of $45.33 to a high of $46.50. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $45.90 on volume of 453,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, First American Fhas traded in a range of $45.36 to $62.71 and are now at $45.38. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.8%.

SmarTrend is tracking the current trend status for First American F and will alert subscribers who have FAF in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders first american f

Ticker(s): FAF