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Look for Shares of Mondelez Inter-A to Potentially Rebound after Yesterday's 2.60% Sell Off

By Amy Schwartz

Mondelez Inter-A (NASDAQ:MDLZ) traded in a range yesterday that spanned from a low of $43.29 to a high of $44.39. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $44.37 on volume of 3.1 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 Mondelez Inter-A on November 6th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.01. Since that recommendation, shares of Mondelez Inter-A have risen 3.4%. We continue to monitor MDLZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Mondelez Inter-A share prices have moved between a 52-week high of $47.23 and a 52-week low of $37.42 and are now trading 16% above that low price at $43.31 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Keywords: rebounders mondelez inter-a

Ticker(s): MDLZ