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Semgroup Corp-A Set to Possibly Rebound After Yesterday's Selloff of 1.45%

By Amy Schwartz

Semgroup Corp-A (NYSE:SEMG) traded in a range yesterday that spanned from a low of $14.97 to a high of $15.13. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $15.07 on volume of 2.7 million 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 Semgroup Corp-A and will alert subscribers who have SEMG in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Semgroup Corp-A share prices have been bracketed by a low of $8.10 and a high of $17.73 and are now at $15.00, 85% above that low price. The 200-day and 50-day moving averages have moved 0.07% lower and 0.48% lower over the past week, respectively.

Keywords: rebounders semgroup corp-a

Ticker(s): SEMG