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SmarTrend Watching for Potential Rebound in Shares of Waddell & Reed-A After 1.02% Loss

By David Diaz

Waddell & Reed-A (NYSE:WDR) traded in a range yesterday that spanned from a low of $18.21 to a high of $18.67. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $18.65 on volume of 374,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Waddell & Reed-A has traded in a range of $17.53 to $23.82 and is now at $18.49, 5% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

SmarTrend is tracking the current trend status for Waddell & Reed-A and will alert subscribers who have WDR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders waddell & reed-a

Ticker(s): WDR