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SmarTrend Watching for Potential Rebound in Shares of Textron Inc After 5.69% Loss

By Shiri Gupta

Textron Inc (NYSE:TXT) traded in a range yesterday that spanned from a low of $46.32 to a high of $46.94. Yesterday, the shares fell 5.7%, which took the trading range below the 3-day low of $46.46 on volume of 329,000 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 Textron Inc and will alert subscribers who have TXT in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Textron Inc have traded between a low of $42.30 and a high of $58.00 and are now at $46.91, which is 11% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

Keywords: rebounders Textron Inc

Ticker(s): TXT