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Look for Shares of Vivo Participacoes to Potentially Rebound after Yesterday's 11.73% Sell Off

By Shiri Gupta

Vivo Participacoes (NYSE:VIV) traded in a range yesterday that spanned from a low of $13.06 to a high of $13.86. Yesterday, the shares fell 11.7%, which took the trading range below the 3-day low of $14.95 on volume of 5.2 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 Vivo Participacoes on January 3rd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.75. Since that recommendation, shares of Vivo Participacoes have risen 9.2%. We continue to monitor VIV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Vivo Participacoes have traded between a low of $7.72 and a high of $16.33 and are now at $13.36, which is 73% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.9% while the 200-day MA has slid 0.3%.

Keywords: rebounders vivo participacoes

Ticker(s): VIV