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Mondelez Inter-A Falls 3.26% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Mondelez Inter-A (NASDAQ:MDLZ) traded in a range yesterday that spanned from a low of $54.64 to a high of $56.55. Yesterday, the shares fell 3.3%, which took the trading range below the 3-day low of $56.06 on volume of 3.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Mondelez Inter-A share prices have been bracketed by a low of $37.42 and a high of $56.87 and are now at $54.66, 46% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.5%.

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

Keywords: rebounders mondelez inter-a

Ticker(s): MDLZ