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G Iii Apparel Set to Possibly Rebound After Yesterday's Selloff of 12.65%

By Nick Russo

G Iii Apparel (NASDAQ:GIII) traded in a range yesterday that spanned from a low of $25.25 to a high of $26.69. Yesterday, the shares fell 12.6%, which took the trading range below the 3-day low of $27.84 on volume of 830,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of G Iii Apparel have traded between a low of $18.18 and a high of $44.36 and are now at $25.28, which is 39% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.7%.

SmarTrend is tracking the current trend status for G Iii Apparel and will alert subscribers who have GIII in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders g iii apparel

Ticker(s): GIII