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SmarTrend Watching for Potential Rebound in Shares of Delek Us Holding After 3.45% Loss

By David Diaz

Delek Us Holding (NYSE:DK) traded in a range yesterday that spanned from a low of $33.17 to a high of $33.64. Yesterday, the shares fell 3.5%, which took the trading range below the 3-day low of $33.45 on volume of 96,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Delek Us Holding share prices have been bracketed by a low of $29.51 and a high of $44.08 and are now at $33.26, 13% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

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

Keywords: rebounders delek us holding

Ticker(s): DK