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Look for Shares of Twenty-First C-A to Potentially Rebound after Yesterday's 4.25% Sell Off

By James Quinn

Twenty-First C-A (NASDAQ:FOXA) traded in a range yesterday that spanned from a low of $33.57 to a high of $35.29. Yesterday, the shares fell 4.2%, which took the trading range below the 3-day low of $34.71 on volume of 3.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Twenty-First C-A on March 19th, 2019 by issuing a Downtrend alert when the shares were trading at $40.77. Since that call, shares of Twenty-First C-A have fallen 14.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Twenty-First C-A have traded between the current low of $33.69 and a high of $51.99 and are now at $33.69. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.

Keywords: rebounders twenty-first c-a

Ticker(s): FOXA