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Kinder Morgan Falls 1.27% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Kinder Morgan (NYSE:KMI) traded in a range yesterday that spanned from a low of $20.56 to a high of $21.18. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $20.91 on volume of 9.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Kinder Morgan and will alert subscribers who have KMI in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Kinder Morgan share prices have been bracketed by a low of $11.20 and a high of $43.34 and are now at $20.77, 85% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.7% while the 50-day MA has remained constant.

Keywords: rebounders Kinder Morgan

Ticker(s): KMI