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SmarTrend Watching for Potential Rebound in Shares of Scotts Miracle After 1.65% Loss

By Nick Russo

Scotts Miracle (NYSE:SMG) traded in a range yesterday that spanned from a low of $84.58 to a high of $87.95. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $85.07 on volume of 639,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Scotts Miracle has traded in a range of $76.60 to $110.12 and is now at $85.88, 12% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

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

Keywords: rebounders scotts miracle

Ticker(s): SMG