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Look for Shares of Synchrony Financ to Potentially Rebound after Yesterday's 2.00% Sell Off

By Amy Schwartz

Synchrony Financ (NYSE:SYF) traded in a range yesterday that spanned from a low of $32.25 to a high of $32.91. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $32.61 on volume of 4.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Synchrony Financ share prices have been bracketed by a low of $28.33 and a high of $40.59 and are now at $32.39, 14% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

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

Keywords: rebounders synchrony financ

Ticker(s): SYF