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Frontier Communi Falls 2.69% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Frontier Communi (NYSE:FTR) traded in a range yesterday that spanned from a low of $14.60 to a high of $15.16. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $14.61 on volume of 1.1 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, Frontier Communi share prices have been bracketed by a low of $1.03 and a high of $18.21 and are now at $14.64, 1,321% 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 advanced 0.7%.

SmarTrend is tracking the current trend status for Frontier Communi and will alert subscribers who have FTR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders frontier communi

Ticker(s): FTR