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SmarTrend Watching for Potential Rebound in Shares of Delta Air Li After 3.47% Loss

By David Diaz

Delta Air Li (NYSE:DAL) traded in a range yesterday that spanned from a low of $51.08 to a high of $52.40. Yesterday, the shares fell 3.5%, which took the trading range below the 3-day low of $52.89 on volume of 12.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Delta Air Li and will alert subscribers who have DAL in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Delta Air Li has traded in a range of $45.08 to $63.44 and is now at $52.05, 15% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.9%.

Keywords: rebounders delta air li

Ticker(s): DAL