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Look for Shares of Viavi Solutions to Potentially Rebound after Yesterday's 2.69% Sell Off

By Shiri Gupta

Viavi Solutions (NASDAQ:VIAV) traded in a range yesterday that spanned from a low of $13.64 to a high of $14.07. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $13.92 on volume of 1.5 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 Viavi Solutions on April 24th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.26. Since that recommendation, shares of Viavi Solutions have risen 6.7%. We continue to monitor VIAV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Viavi Solutions has traded in a range of $9.17 to $14.95 and is now at $13.81, 51% above that low. The 200-day and 50-day moving averages have moved 0.28% higher and 0.93% higher over the past week, respectively.

Keywords: rebounders viavi solutions

Ticker(s): VIAV