• Return to Headlines

SmarTrend Watching for Potential Rebound in Shares of Franklin Res Inc After 2.81% Loss

By Nick Russo

Franklin Res Inc (NYSE:BEN) traded in a range yesterday that spanned from a low of $30.45 to a high of $31.40. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $30.66 on volume of 1.6 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 Franklin Res Inc have traded between a low of $28.12 and a high of $45.96 and are now at $30.58, which is 9% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.5%.

SmarTrend is tracking the current trend status for Franklin Res Inc and will alert subscribers who have BEN in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders franklin res inc

Ticker(s): BEN