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SmarTrend Watching for Potential Rebound in Shares of Brink's After 1.83% Loss

By James Quinn

Brink's (NYSE:BCO) traded in a range yesterday that spanned from a low of $57.95 to a high of $59.40. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $59.95 on volume of 318,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Brink's on December 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.47. Since that recommendation, shares of Brink's have risen 44.7%. We continue to monitor BCO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Brink's has traded in a range of $25.80 to $63.12 and is now at $58.55, 127% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

Keywords: rebounders brink's

Ticker(s): BCO