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Nn Inc Falls 2.91% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Nn Inc (NASDAQ:NNBR) traded in a range yesterday that spanned from a low of $15.35 to a high of $16.20. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $15.85 on volume of 2.4 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, Nn Inc share prices have been bracketed by a current low of $15.35 and a high of $32.90 and are now at $15.82. The 200-day and 50-day moving averages have moved 0.86% lower and 0.44% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Nn Inc on August 13th, 2018 by issuing a Downtrend alert when the shares were trading at $19.28. Since that call, shares of Nn Inc have fallen 15.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders nn inc

Ticker(s): NNBR