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Mb Financial Set to Possibly Rebound After Yesterday's Selloff of 1.51%

By David Diaz

Mb Financial (NASDAQ:MBFI) traded in a range yesterday that spanned from a low of $38.58 to a high of $39.60. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $39.18 on volume of 250,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Mb Financial on July 17th, 2017 by issuing a Downtrend alert when the shares were trading at $42.48. Since that call, shares of Mb Financial have fallen 7.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Mb Financial has traded in a range of $32.72 to $48.47 and is now at $38.60, 18% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

Keywords: rebounders mb financial

Ticker(s): MBFI