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Look for Shares of Webster Finl to Potentially Rebound after Yesterday's 3.34% Sell Off

By Shiri Gupta

Webster Finl (NYSE:WBS) traded in a range yesterday that spanned from a low of $57.50 to a high of $60.52. Yesterday, the shares fell 3.3%, which took the trading range below the 3-day low of $59.55 on volume of 378,000 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 Webster Finl. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Webster Finl in search of a potential trend change.

Over the past year, Webster Finl has traded in a range of $51.68 to $69.63 and is now at $57.68, 12% above that low. The 200-day and 50-day moving averages have moved 0.15% higher and 0.52% lower over the past week, respectively.

Keywords: rebounders webster finl

Ticker(s): WBS