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Look for Shares of Delta Air Li to Potentially Rebound after Yesterday's 3.47% Sell Off

By James Quinn

Delta Air Li (NYSE:DAL) traded in a range yesterday that spanned from a low of $51.08 to a high of $52.40. Yesterday, the shares fell 3.5%, which took the trading range below the 3-day low of $52.89 on volume of 12.5 million 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 Delta Air Li and will alert subscribers who have DAL in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Delta Air Li have traded between a low of $45.08 and a high of $63.44 and are now at $52.05, which is 15% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has remained constant.

Keywords: rebounders delta air li

Ticker(s): DAL