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Look for Shares of Affil Managers to Potentially Rebound after Yesterday's 2.97% Sell Off

By James Quinn

Affil Managers (NYSE:AMG) traded in a range yesterday that spanned from a low of $157.28 to a high of $162.90. Yesterday, the shares fell 3.0%, which took the trading range below the 3-day low of $162.14 on volume of 383,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Affil Managers on March 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $183.55. Since that call, shares of Affil Managers have fallen 11.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Affil Managers has traded in a range of $155.69 to $217.00 and is now at $157.39, 1% above that low. The 200-day and 50-day moving averages have moved 0.09% lower and 0.76% lower over the past week, respectively.

Keywords: rebounders affil managers

Ticker(s): AMG