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Ggp Inc Set to Possibly Rebound After Yesterday's Selloff of 1.67%

By Nick Russo

Ggp Inc (NYSE:GGP) traded in a range yesterday that spanned from a low of $21.19 to a high of $21.57. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $21.52 on volume of 2.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Ggp Inc on July 11th, 2017 by issuing a Downtrend alert when the shares were trading at $22.28. Since that call, shares of Ggp Inc have fallen 3.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Ggp Inc have traded between a low of $21.05 and a high of $32.10 and are now at $21.20, which is 1% above that low price. The 200-day and 50-day moving averages have moved 0.18% higher and 0.69% higher over the past week, respectively.

Keywords: rebounders ggp inc

Ticker(s): GGP