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SmarTrend Watching for Potential Rebound in Shares of Barnes & Noble E After 21.40% Loss

By Amy Schwartz

Barnes & Noble E (NYSE:BNED) traded in a range yesterday that spanned from a low of $3.65 to a high of $4.15. Yesterday, the shares fell 21.4%, which took the trading range below the 3-day low of $4.68 on volume of 366,000 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 Barnes & Noble E and will alert subscribers who have BNED in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Barnes & Noble E share prices have been bracketed by a low of $2.82 and a high of $7.78 and are now at $3.82, 35% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 2.1%.

Keywords: rebounders barnes & noble e

Ticker(s): BNED