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Signet Jewelers Falls 1.57% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Signet Jewelers (NYSE:SIG) traded in a range yesterday that spanned from a low of $58.57 to a high of $60.00. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $58.84 on volume of 866,000 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 Signet Jewelers and will alert subscribers who have SIG in their portfolio or watchlist when shares have changed trend direction.

Signet Jewelers share prices have moved between a 52-week high of $77.94 and a 52-week low of $33.11 and are now trading 78% above that low price at $59.10 per share. The 200-day and 50-day moving averages have moved 0.19% lower and 3.42% higher over the past week, respectively.

Keywords: rebounders signet jewelers

Ticker(s): SIG