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Look for Shares of Air Lease C to Potentially Rebound after Yesterday's 1.18% Sell Off

By Nick Russo

Air Lease C (NYSE:AL) traded in a range yesterday that spanned from a low of $37.37 to a high of $37.67. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $37.91 on volume of 369,000 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 Air Lease C and will alert subscribers who have AL in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Air Lease C share prices have been bracketed by a low of $28.13 and a high of $47.34 and are now at $37.62, 34% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.3%.

Keywords: rebounders air lease c

Ticker(s): AL