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Look for Shares of Dillard's to Potentially Rebound after Yesterday's 3.89% Sell Off

By Shiri Gupta

Dillard's (NYSE:DDS) traded in a range yesterday that spanned from a low of $49.97 to a high of $52.29. Yesterday, the shares fell 3.9%, which took the trading range below the 3-day low of $51.04 on volume of 352,000 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 Dillard's on February 22nd, 2017 by issuing a Downtrend alert when the shares were trading at $54.85. Since that call, shares of Dillard's have fallen 4.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Dillard'shas traded in a range of $50.06 to $133.92 and are now at $50.12. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.6%.

Keywords: rebounders dillard's

Ticker(s): DDS