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Look for Shares of South Jersey Ind to Potentially Rebound after Yesterday's 1.55% Sell Off

By Nick Russo

South Jersey Ind (NYSE:SJI) traded in a range yesterday that spanned from a low of $30.43 to a high of $30.70. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $30.87 on volume of 78,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

South Jersey Ind share prices have moved between a 52-week high of $34.48 and a 52-week low of $26.06 and are now trading 17% above that low price at $30.58 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

SmarTrend is tracking the current trend status for South Jersey Ind and will alert subscribers who have SJI in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders south jersey ind

Ticker(s): SJI