• Return to Headlines

Look for Shares of Finisar Corp to Potentially Rebound after Yesterday's 1.32% Sell Off

By Amy Schwartz

Finisar Corp (NASDAQ:FNSR) traded in a range yesterday that spanned from a low of $21.74 to a high of $22.47. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $22.03 on volume of 1.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Finisar Corp have traded between a low of $15.81 and a high of $24.77 and are now at $21.74, which is 38% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has declined 0.5%.

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

Keywords: rebounders finisar corp

Ticker(s): FNSR