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SmarTrend Watching for Potential Rebound in Shares of Smith (A.O.)Corp After 9.97% Loss

By James Quinn

Smith (A.O.)Corp (NYSE:AOS) traded in a range yesterday that spanned from a low of $43.34 to a high of $44.81. Yesterday, the shares fell 10.0%, which took the trading range below the 3-day low of $47.96 on volume of 8.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Smith (A.O.)Corp share prices have moved between a 52-week high of $65.57 and a 52-week low of $40.34 and are now trading 9% above that low price at $43.83 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Smith (A.O.)Corp on April 30th, 2019 by issuing a Downtrend alert when the shares were trading at $53.11. Since that call, shares of Smith (A.O.)Corp have fallen 9.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders smith (a.o.)corp

Ticker(s): AOS