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SmarTrend Watching for Potential Rebound in Shares of Imax Corp After 2.23% Loss

By Shiri Gupta

Imax Corp (NYSE:IMAX) traded in a range yesterday that spanned from a low of $20.55 to a high of $21.54. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $21.15 on volume of 61,000 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 Imax Corp and will alert subscribers who have IMAX in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Imax Corp share prices have been bracketed by a low of $17.57 and a high of $35.30 and are now at $21.03, 20% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders imax corp

Ticker(s): IMAX