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Look for Shares of Energen to Potentially Rebound after Yesterday's 1.49% Sell Off

By David Diaz

Energen (NYSE:EGN) traded in a range yesterday that spanned from a low of $50.68 to a high of $51.64. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $51.14 on volume of 574,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Energen has traded in a range of $20.76 to $77.12 and is now at $50.89, 145% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.6% while the 200-day MA has slid 0.8%.

SmarTrend is tracking the current trend status for Energen and will alert subscribers who have EGN in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders energen

Ticker(s): EGN