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SmarTrend Watching for Potential Rebound in Shares of Kar Auction Serv After 1.12% Loss

By Amy Schwartz

Kar Auction Serv (NYSE:KAR) traded in a range yesterday that spanned from a low of $54.50 to a high of $55.47. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $55.52 on volume of 395,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Kar Auction Serv share prices have been bracketed by a low of $47.43 and a high of $64.55 and are now at $55.39, 17% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has remained constant.

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

Keywords: rebounders kar auction serv

Ticker(s): KAR