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Principal Finl Falls 1.62% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Principal Finl (NASDAQ:PFG) traded in a range yesterday that spanned from a low of $54.65 to a high of $56.79. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $55.52 on volume of 639,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Principal Finl have traded between a low of $52.31 and a high of $75.58 and are now at $54.87, which is 5% above that low price. The 200-day and 50-day moving averages have moved 0.41% lower and 0.17% higher over the past week, respectively.

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

Keywords: rebounders principal finl

Ticker(s): PFG