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SmarTrend Watching for Potential Rebound in Shares of Finish Line-A After 2.84% Loss

By James Quinn

Finish Line-A (NASDAQ:FINL) traded in a range yesterday that spanned from a low of $9.74 to a high of $10.40. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $10.05 on volume of 1.5 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, shares of Finish Line-A have traded between a low of $6.90 and a high of $24.52 and are now at $10.20, which is 48% above that low price. The 200-day and 50-day moving averages have moved 0.75% lower and 0.63% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Finish Line-A on January 26th, 2018 by issuing a Downtrend alert when the shares were trading at $12.40. Since that call, shares of Finish Line-A have fallen 14.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders finish line-a

Ticker(s): FINL