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SmarTrend Watching for Potential Rebound in Shares of Affil Managers After 2.97% Loss

By David Diaz

Affil Managers (NYSE:AMG) traded in a range yesterday that spanned from a low of $157.28 to a high of $162.90. Yesterday, the shares fell 3.0%, which took the trading range below the 3-day low of $162.14 on volume of 383,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Affil Managers on March 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $183.55. Since that call, shares of Affil Managers have fallen 11.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Affil Managers share prices have moved between a 52-week high of $217.00 and a 52-week low of $155.69 and are now trading 1% above that low price at $157.39 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

Keywords: rebounders affil managers

Ticker(s): AMG