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Look for Shares of Principal Finl to Potentially Rebound after Yesterday's 1.62% Sell Off

By David Diaz

Principal Finl (NASDAQ:PFG) traded in a range yesterday that spanned from a low of $54.65 to a high of $56.79. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $55.52 on volume of 639,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Principal Finl share prices have been bracketed by a low of $52.31 and a high of $75.58 and are now at $54.87, 5% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.2%.

SmarTrend is tracking the current trend status for Principal Finl and will alert subscribers who have PFG in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders principal finl

Ticker(s): PFG