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Great Plains Ene Set to Possibly Rebound After Yesterday's Selloff of 1.30%

By David Diaz

Great Plains Ene (NYSE:GXP) traded in a range yesterday that spanned from a low of $29.52 to a high of $29.85. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $29.92 on volume of 1.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Great Plains Ene share prices have moved between a 52-week high of $31.24 and a 52-week low of $25.85 and are now trading 14% above that low price at $29.57 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.6%.

SmarTrend is tracking the current trend status for Great Plains Ene and will alert subscribers who have GXP in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders great plains ene

Ticker(s): GXP