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Spirit Aerosys-A Set to Possibly Rebound After Yesterday's Selloff of 4.42%

By James Quinn

Spirit Aerosys-A (NYSE:SPR) traded in a range yesterday that spanned from a low of $86.17 to a high of $91.55. Yesterday, the shares fell 4.4%, which took the trading range below the 3-day low of $88.50 on volume of 642,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Spirit Aerosys-A have traded between a low of $41.27 and a high of $105.20 and are now at $86.41, which is 109% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.4%.

SmarTrend is tracking the current trend status for Spirit Aerosys-A and will alert subscribers who have SPR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders spirit aerosys-a

Ticker(s): SPR