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Mid-America Apar Set to Possibly Rebound After Yesterday's Selloff of 1.67%

By David Diaz

Mid-America Apar (NYSE:MAA) traded in a range yesterday that spanned from a low of $101.60 to a high of $103.49. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $103.28 on volume of 368,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Mid-America Apar share prices have been bracketed by a low of $85.16 and a high of $110.24 and are now at $102.00, 20% above that low price. The 200-day and 50-day moving averages have moved 0% lower and 0.29% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Mid-America Apar on August 3rd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $100.63. Since that recommendation, shares of Mid-America Apar have risen 3.1%. We continue to monitor MAA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders mid-america apar

Ticker(s): MAA