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Prudentl Finl Set to Possibly Rebound After Yesterday's Selloff of 2.24%

By Shiri Gupta

Prudentl Finl (NYSE:PRU) traded in a range yesterday that spanned from a low of $100.81 to a high of $102.56. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $101.28 on volume of 667,000 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 Prudentl Finl have traded between a low of $66.51 and a high of $115.26 and are now at $101.07, which is 52% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.3%.

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

Keywords: rebounders prudentl finl

Ticker(s): PRU