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M&T Bank Corp Falls 1.15% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

M&T Bank Corp (NYSE:MTB) traded in a range yesterday that spanned from a low of $165.53 to a high of $169.71. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $168.26 on volume of 916,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

M&T Bank Corp share prices have moved between a 52-week high of $197.37 and a 52-week low of $141.12 and are now trading 18% above that low price at $166.86 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.5%.

SmarTrend is tracking the current trend status for M&T Bank Corp and will alert subscribers who have MTB in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders m&t bank corp

Ticker(s): MTB