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SmarTrend Watching for Potential Rebound in Shares of Aerovironment In After 2.98% Loss

By Amy Schwartz

Aerovironment In (NASDAQ:AVAV) traded in a range yesterday that spanned from a low of $60.24 to a high of $68.35. Yesterday, the shares fell 3.0%, which took the trading range below the 3-day low of $60.75 on volume of 302,000 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 Aerovironment In and will alert subscribers who have AVAV in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Aerovironment In have traded between a low of $48.61 and a high of $95.38 and are now at $61.85, which is 27% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.

Keywords: rebounders aerovironment in

Ticker(s): AVAV