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Look for Shares of Viasat Inc to Potentially Rebound after Yesterday's 12.74% Sell Off

By James Quinn

Viasat Inc (NASDAQ:VSAT) traded in a range yesterday that spanned from a low of $62.42 to a high of $68.36. Yesterday, the shares fell 12.7%, which took the trading range below the 3-day low of $69.32 on volume of 1.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Viasat Inc on July 6th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.78. Since that recommendation, shares of Viasat Inc have risen 5.9%. We continue to monitor VSAT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Viasat Inc have traded between a low of $57.75 and a high of $80.26 and are now at $63.03, which is 9% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.9%.

Keywords: rebounders viasat inc

Ticker(s): VSAT