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Popular Inc Falls 1.09% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Popular Inc (NASDAQ:BPOP) traded in a range yesterday that spanned from a low of $54.79 to a high of $55.26. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $54.87 on volume of 162,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Popular Inc and will alert subscribers who have BPOP in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Popular Inc has traded in a range of $44.22 to $58.99 and is now at $55.26, 25% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

Keywords: rebounders popular inc

Ticker(s): BPOP