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SmarTrend Watching for Potential Rebound in Shares of Cirrus Logic Inc After 3.78% Loss

By David Diaz

Cirrus Logic Inc (NASDAQ:CRUS) traded in a range yesterday that spanned from a low of $43.06 to a high of $45.50. Yesterday, the shares fell 3.8%, which took the trading range below the 3-day low of $44.68 on volume of 285,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Cirrus Logic Inc share prices have moved between a 52-week high of $50.12 and a 52-week low of $31.25 and are now trading 38% above that low price at $43.06 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

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

Keywords: rebounders cirrus logic inc

Ticker(s): CRUS