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Look for Shares of Plantronics Inc to Potentially Rebound after Yesterday's 2.95% Sell Off

By James Quinn

Plantronics Inc (NYSE:PLT) traded in a range yesterday that spanned from a low of $39.75 to a high of $41.47. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $40.33 on volume of 205,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Plantronics Inc on November 12th, 2018 by issuing a Downtrend alert when the shares were trading at $55.79. Since that call, shares of Plantronics Inc have fallen 26.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Plantronics Inc have traded between a low of $40.33 and a high of $82.28 and are now at $41.05, which is 2% above that low price. The 200-day and 50-day moving averages have moved 0.29% lower and 1.82% lower over the past week, respectively.

Keywords: rebounders plantronics inc

Ticker(s): PLT