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Mindbody Inc-A Set to Possibly Rebound After Yesterday's Selloff of 5.41%

By Amy Schwartz

Mindbody Inc-A (NASDAQ:MB) traded in a range yesterday that spanned from a low of $31.95 to a high of $34.60. Yesterday, the shares fell 5.4%, which took the trading range below the 3-day low of $34.12 on volume of 1.7 million 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 Mindbody Inc-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mindbody Inc-A in search of a potential trend change.

In the past 52 weeks, shares of Mindbody Inc-A have traded between a low of $13.75 and a high of $45.50 and are now at $32.21, which is 134% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.4%.

Keywords: rebounders mindbody inc-a

Ticker(s): MB