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SmarTrend Watching for Potential Rebound in Shares of Mid-America Apar After 1.01% Loss

By Nick Russo

Mid-America Apar (NYSE:MAA) traded in a range yesterday that spanned from a low of $94.77 to a high of $96.18. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $95.58 on volume of 276,000 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 Mid-America Apar and will alert subscribers who have MAA in their portfolio or watchlist when shares have changed trend direction.

Mid-America Apar share prices have moved between a 52-week high of $110.24 and a 52-week low of $85.16 and are now trading 12% above that low price at $95.04 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders mid-america apar

Ticker(s): MAA