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SmarTrend Watching for Potential Rebound in Shares of Itt Inc After 1.13% Loss

By Nick Russo

Itt Inc (NYSE:ITT) traded in a range yesterday that spanned from a low of $67.93 to a high of $69.72. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $68.86 on volume of 210,000 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 Itt Inc have traded between a low of $52.87 and a high of $75.56 and are now at $69.43, which is 31% above that low price. The 200-day and 50-day moving averages have moved 0.24% higher and 0.06% lower over the past week, respectively.

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

Keywords: rebounders itt inc

Ticker(s): ITT