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SmarTrend Watching for Potential Rebound in Shares of Six Flags Entert After 1.09% Loss

By James Quinn

Six Flags Entert (NYSE:SIX) traded in a range yesterday that spanned from a low of $50.70 to a high of $51.66. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $50.85 on volume of 407,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

Six Flags Entert share prices have moved between a 52-week high of $73.38 and a 52-week low of $46.68 and are now trading 9% above that low price at $51.04 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.3%.

Keywords: rebounders six flags entert

Ticker(s): SIX