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Look for Shares of Fireeye Inc to Potentially Rebound after Yesterday's 1.74% Sell Off

By Amy Schwartz

Fireeye Inc (NASDAQ:FEYE) traded in a range yesterday that spanned from a low of $17.34 to a high of $18.03. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $17.63 on volume of 1.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Fireeye Inc on January 26th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.63. Since that recommendation, shares of Fireeye Inc have risen 14.0%. We continue to monitor FEYE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Fireeye Inc has traded in a range of $10.35 to $18.42 and is now at $17.52, 69% above that low. The 200-day and 50-day moving averages have moved 2.05% lower and 1.31% lower over the past week, respectively.

Keywords: rebounders fireeye inc

Ticker(s): FEYE