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SmarTrend Watching for Potential Rebound in Shares of Twenty-First C-A After 2.87% Loss

By Amy Schwartz

Twenty-First C-A (NYSE:FOXA) traded in a range yesterday that spanned from a low of $26.69 to a high of $27.55. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $27.28 on volume of 3.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Twenty-First C-A has traded in a range of $23.33 to $32.60 and is now at $26.84, 15% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for Twenty-First C-A and will alert subscribers who have FOXA in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders twenty-first c-a

Ticker(s): FOXA