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Look for Shares of Apollo Commercia to Potentially Rebound after Yesterday's 4.08% Sell Off

By James Quinn

Apollo Commercia (NYSE:ARI) traded in a range yesterday that spanned from a low of $17.99 to a high of $18.09. Yesterday, the shares fell 4.1%, which took the trading range below the 3-day low of $18.05 on volume of 201,000 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 Apollo Commercia and will alert subscribers who have ARI in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Apollo Commercia has traded in a range of $16.41 to $19.76 and is now at $18.09, 10% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has remained constant.

Keywords: rebounders apollo commercia

Ticker(s): ARI