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Look for Shares of Vector Group to Potentially Rebound after Yesterday's 1.64% Sell Off

By Amy Schwartz

Vector Group (NYSE:VGR) traded in a range yesterday that spanned from a low of $20.49 to a high of $20.94. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $20.65 on volume of 936,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Vector Group. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Vector Group in search of a potential trend change.

In the past 52 weeks, shares of Vector Group have traded between a low of $20.02 and a high of $25.87 and are now at $20.65, which is 3% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.3%.

Keywords: rebounders vector group

Ticker(s): VGR