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Look for Shares of Frontier Communi to Potentially Rebound after Yesterday's 3.67% Sell Off

By Nick Russo

Frontier Communi (NASDAQ:FTR) traded in a range yesterday that spanned from a low of $7.69 to a high of $8.05. Yesterday, the shares fell 3.7%, which took the trading range below the 3-day low of $7.77 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Frontier Communi. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Frontier Communi in search of a potential trend change.

Frontier Communi share prices have moved between a 52-week high of $18.21 and a 52-week low of $1.03 and are now trading 661% above that low price at $7.84 per share. The 200-day and 50-day moving averages have moved 0.11% higher and 0.69% higher over the past week, respectively.

Keywords: rebounders frontier communi

Ticker(s): FTR