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SmarTrend Watching for Potential Rebound in Shares of Waddell & Reed Financial After 1.22% Loss

By Shiri Gupta

Waddell & Reed Financial (NYSE:WDR) traded in a range yesterday that spanned from a low of $16.77 to a high of $17.31. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $17.21 on volume of 812,000 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 Waddell & Reed Financial and will alert subscribers who have WDR in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Waddell & Reed Financial have traded between a low of $15.02 and a high of $50.22 and are now at $17.00, which is 13% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has declined 1%.

Keywords: rebounders waddell & reed financial

Ticker(s): WDR