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Look for Shares of Ryder System Inc to Potentially Rebound after Yesterday's 8.01% Sell Off

By Nick Russo

Ryder System Inc (NYSE:R) traded in a range yesterday that spanned from a low of $41.25 to a high of $44.34. Yesterday, the shares fell 8.0%, which took the trading range below the 3-day low of $44.76 on volume of 640,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Ryder System Inc share prices have been bracketed by a current low of $43.06 and a high of $67.65 and are now at $43.15. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has slid 0.6%.

SmarTrend is tracking the current trend status for Ryder System Inc and will alert subscribers who have R in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders ryder system inc

Ticker(s): R