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SmarTrend Watching for Potential Rebound in Shares of M&T Bank Corp After 1.15% Loss

By Nick Russo

M&T Bank Corp (NYSE:MTB) traded in a range yesterday that spanned from a low of $165.53 to a high of $169.71. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $168.26 on volume of 916,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, M&T Bank Corp share prices have been bracketed by a low of $141.12 and a high of $197.37 and are now at $166.86, 18% above that low price. The 200-day and 50-day moving averages have moved 0.19% higher and 0.54% lower over the past week, respectively.

SmarTrend is tracking the current trend status for M&T Bank Corp and will alert subscribers who have MTB in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders m&t bank corp

Ticker(s): MTB