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Jabil Inc Falls 1.71% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Jabil Inc (NYSE:JBL) traded in a range yesterday that spanned from a low of $26.93 to a high of $27.85. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $27.27 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Jabil Inc has traded in a range of $21.49 to $31.77 and is now at $26.94, 25% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Jabil Inc on December 31st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.62. Since that recommendation, shares of Jabil Inc have risen 11.3%. We continue to monitor JBL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders jabil inc

Ticker(s): JBL