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Intersect Ent In Set to Possibly Rebound After Yesterday's Selloff of 4.56%

By Nick Russo

Intersect Ent In (NASDAQ:XENT) traded in a range yesterday that spanned from a low of $32.90 to a high of $35.10. Yesterday, the shares fell 4.6%, which took the trading range below the 3-day low of $34.75 on volume of 172,000 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 Intersect Ent In have traded between a low of $7.65 and a high of $42.95 and are now at $33.60, which is 339% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has risen 0.3%.

SmarTrend is tracking the current trend status for Intersect Ent In and will alert subscribers who have XENT in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders intersect ent in

Ticker(s): XENT