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Itron Inc Falls 2.55% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Itron Inc (NASDAQ:ITRI) traded in a range yesterday that spanned from a low of $70.35 to a high of $73.05. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $72.15 on volume of 149,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Itron Inc share prices have moved between a 52-week high of $75.60 and a 52-week low of $40.12 and are now trading 77% above that low price at $71.00 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Itron Inc on April 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $64.40. Since that recommendation, shares of Itron Inc have risen 12.8%. We continue to monitor ITRI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders itron inc

Ticker(s): ITRI