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SmarTrend Watching for Potential Rebound in Shares of Caesars Entertai After 2.36% Loss

By Amy Schwartz

Caesars Entertai (NASDAQ:CZR) traded in a range yesterday that spanned from a low of $9.02 to a high of $9.41. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $9.16 on volume of 6.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Caesars Entertai share prices have been bracketed by a low of $7.95 and a high of $14.50 and are now at $9.39, 18% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Caesars Entertai on August 1st, 2018 by issuing a Downtrend alert when the shares were trading at $10.03. Since that call, shares of Caesars Entertai have fallen 5.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders caesars entertai

Ticker(s): CZR