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Look for Shares of Alliance Data to Potentially Rebound after Yesterday's 2.99% Sell Off

By David Diaz

Alliance Data (NYSE:ADS) traded in a range yesterday that spanned from a low of $218.39 to a high of $224.85. Yesterday, the shares fell 3.0%, which took the trading range below the 3-day low of $221.67 on volume of 219,000 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 Alliance Data on July 20th, 2017 by issuing a Downtrend alert when the shares were trading at $244.17. Since that call, shares of Alliance Data have fallen 7.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Alliance Data have traded between a low of $185.02 and a high of $266.25 and are now at $219.15, which is 18% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.3%.

Keywords: rebounders alliance data

Ticker(s): ADS