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Look for Shares of Agco Corp to Potentially Rebound after Yesterday's 2.55% Sell Off

By Amy Schwartz

Agco Corp (NYSE:AGCO) traded in a range yesterday that spanned from a low of $68.76 to a high of $70.92. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $70.30 on volume of 253,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Agco Corp share prices have been bracketed by a low of $49.50 and a high of $75.56 and are now at $68.76, 39% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

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

Keywords: rebounders AGCO Corp

Ticker(s): AGCO