• Return to Headlines

SmarTrend Watching for Potential Rebound in Shares of Ii-Vi Inc After 16.10% Loss

By Amy Schwartz

Ii-Vi Inc (NASDAQ:IIVI) traded in a range yesterday that spanned from a low of $38.30 to a high of $41.30. Yesterday, the shares fell 16.1%, which took the trading range below the 3-day low of $44.36 on volume of 2.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Ii-Vi Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ii-Vi Inc in search of a potential trend change.

In the past 52 weeks, shares of Ii-Vi Inc have traded between a low of $17.76 and a high of $53.08 and are now at $39.37, which is 122% above that low price. The 200-day and 50-day moving averages have moved 0.03% lower and 0.58% lower over the past week, respectively.

Keywords: rebounders ii-vi inc

Ticker(s): IIVI