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SmarTrend Watching for Potential Rebound in Shares of Express Inc After 4.12% Loss

By James Quinn

Express Inc (NYSE:EXPR) traded in a range yesterday that spanned from a low of $5.90 to a high of $6.21. Yesterday, the shares fell 4.1%, which took the trading range below the 3-day low of $5.99 on volume of 603,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Express Inc on November 19th, 2018 by issuing a Downtrend alert when the shares were trading at $7.92. Since that call, shares of Express Inc have fallen 21.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Express Inc share prices have been bracketed by a low of $5.66 and a high of $11.69 and are now at $5.93, 5% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.1% while the 200-day MA has remained constant.

Keywords: rebounders express inc

Ticker(s): EXPR