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Franklin Res Inc Set to Possibly Rebound After Yesterday's Selloff of 1.34%

By Amy Schwartz

Franklin Res Inc (NYSE:BEN) traded in a range yesterday that spanned from a low of $38.82 to a high of $39.66. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $39.29 on volume of 977,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Franklin Res Inc share prices have moved between a 52-week high of $47.65 and a 52-week low of $30.56 and are now trading 27% above that low price at $38.95 per share. The 200-day and 50-day moving averages have moved 0.65% lower and 0.40% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Franklin Res Inc on January 31st, 2018 by issuing a Downtrend alert when the shares were trading at $42.57. Since that call, shares of Franklin Res Inc have fallen 7.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders franklin res inc

Ticker(s): BEN