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Robert Half Intl Falls 1.03% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Robert Half Intl (NYSE:RHI) traded in a range yesterday that spanned from a low of $63.70 to a high of $65.59. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $64.16 on volume of 418,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Robert Half Intl has traded in a range of $48.21 to $79.91 and is now at $64.06, 33% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 1%.

SmarTrend is tracking the current trend status for Robert Half Intl and will alert subscribers who have RHI in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders robert half intl

Ticker(s): RHI