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Monro Muffler Set to Possibly Rebound After Yesterday's Selloff of 1.15%

By James Quinn

Monro Muffler (NASDAQ:MNRO) traded in a range yesterday that spanned from a low of $76.67 to a high of $77.18. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $77.46 on volume of 95,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Monro Muffler has traded in a range of $50.25 to $84.38 and is now at $76.91, 53% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Monro Muffler on January 16th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $72.75. Since that recommendation, shares of Monro Muffler have risen 6.6%. We continue to monitor MNRO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders monro muffler

Ticker(s): MNRO