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Kinder Morgan In Falls 1.15% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Kinder Morgan In (NYSE:KMI) traded in a range yesterday that spanned from a low of $16.72 to a high of $16.93. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $16.75 on volume of 3.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Kinder Morgan In has traded in a range of $14.69 to $21.25 and is now at $16.74, 14% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has slid 0.2%.

SmarTrend recommended that subscribers consider buying shares of Kinder Morgan In on April 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.22. Since that recommendation, shares of Kinder Morgan In have risen 4.4%. We continue to monitor KMI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders kinder morgan in

Ticker(s): KMI