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Look for Shares of Plantronics Inc to Potentially Rebound after Yesterday's 5.73% Sell Off

By Shiri Gupta

Plantronics Inc (NYSE:PLT) traded in a range yesterday that spanned from a low of $55.68 to a high of $59.41. Yesterday, the shares fell 5.7%, which took the trading range below the 3-day low of $56.03 on volume of 576,000 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 Plantronics Inc have traded between a low of $49.79 and a high of $82.28 and are now at $56.52, which is 14% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

SmarTrend recommended that subscribers consider buying shares of Plantronics Inc on October 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.58. Since that recommendation, shares of Plantronics Inc have risen 4.5%. We continue to monitor PLT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders plantronics inc

Ticker(s): PLT