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Look for Shares of First Horizon Na to Potentially Rebound after Yesterday's 1.29% Sell Off

By James Quinn

First Horizon Na (NYSE:FHN) traded in a range yesterday that spanned from a low of $17.13 to a high of $17.53. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $17.37 on volume of 921,000 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 First Horizon Na have traded between a low of $12.46 and a high of $20.84 and are now at $17.15, which is 38% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.0%.

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

Keywords: rebounders first horizon na

Ticker(s): FHN