• Return to Headlines

Look for Shares of Aramark to Potentially Rebound after Yesterday's 1.85% Sell Off

By Nick Russo

Aramark (NYSE:ARMK) traded in a range yesterday that spanned from a low of $41.78 to a high of $42.04. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $41.96 on volume of 71,000 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 Aramark and will alert subscribers who have ARMK in their portfolio or watchlist when shares have changed trend direction.

Aramark share prices have moved between a 52-week high of $45.69 and a 52-week low of $25.49 and are now trading 64% above that low price at $41.85 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has remained constant.

Keywords: rebounders aramark

Ticker(s): ARMK