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SmarTrend Watching for Potential Rebound in Shares of Autonation Inc After 1.90% Loss

By David Diaz

Autonation Inc (NYSE:AN) traded in a range yesterday that spanned from a low of $33.13 to a high of $33.26. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $33.80 on volume of 275,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Autonation Inc have traded between a low of $32.87 and a high of $51.99 and are now at $33.13, which is 1% 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.

SmarTrend is monitoring the recent change of momentum in Autonation Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Autonation Inc in search of a potential trend change.

Keywords: rebounders autonation inc

Ticker(s): AN