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Kirkland'S Inc Set to Possibly Rebound After Yesterday's Selloff of 1.53%

By Nick Russo

Kirkland'S Inc (:KIRK) traded in a range yesterday that spanned from a low of $1.26 to a high of $1.33. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $1.32 on volume of 139,000 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 Kirkland'S Inc have traded between a low of $1.09 and a high of $11.77 and are now at $1.29, which is 18% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 1.2%.

SmarTrend is tracking the current trend status for Kirkland'S Inc and will alert subscribers who have KIRK in their portfolio or watchlist when shares have changed trend direction.

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Ticker(s): KIRK