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Look for Shares of Parsley Energy-A to Potentially Rebound after Yesterday's 2.12% Sell Off

By James Quinn

Parsley Energy-A (NYSE:PE) traded in a range yesterday that spanned from a low of $13.75 to a high of $14.23. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $13.92 on volume of 2.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Parsley Energy-A and will alert subscribers who have PE in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Parsley Energy-A have traded between the current low of $13.75 and a high of $32.00 and are now at $13.85. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 1.6%.

Keywords: rebounders parsley energy-a

Ticker(s): PE