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SmarTrend Watching for Potential Rebound in Shares of Bofi Holding Inc After 2.93% Loss

By Nick Russo

Bofi Holding Inc (NASDAQ:BOFI) traded in a range yesterday that spanned from a low of $40.33 to a high of $42.18. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $41.87 on volume of 336,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Bofi Holding Inc share prices have moved between a 52-week high of $45.18 and a 52-week low of $23.51 and are now trading 75% above that low price at $41.08 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.9%.

SmarTrend is tracking the current trend status for Bofi Holding Inc and will alert subscribers who have BOFI in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders bofi holding inc

Ticker(s): BOFI