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Modine Mfg Co Set to Possibly Rebound After Yesterday's Selloff of 33.90%

By Amy Schwartz

Modine Mfg Co (NYSE:MOD) traded in a range yesterday that spanned from a low of $6.87 to a high of $8.36. Yesterday, the shares fell 33.9%, which took the trading range below the 3-day low of $11.64 on volume of 747,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Modine Mfg Co share prices have been bracketed by a current low of $6.87 and a high of $16.67 and are now at $6.96. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.2%.

SmarTrend is monitoring the recent change of momentum in Modine Mfg Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Modine Mfg Co in search of a potential trend change.

Keywords: rebounders modine mfg co

Ticker(s): MOD