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Stamps.Com Inc Falls 3.32% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Stamps.Com Inc (NASDAQ:STMP) traded in a range yesterday that spanned from a low of $40.31 to a high of $44.17. Yesterday, the shares fell 3.3%, which took the trading range below the 3-day low of $41.13 on volume of 444,000 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 Stamps.Com Inc have traded between a low of $35.25 and a high of $285.75 and are now at $40.42, which is 15% above that low price. The 200-day and 50-day moving averages have moved 2.76% lower and 4.87% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Stamps.Com Inc on February 22nd, 2019 by issuing a Downtrend alert when the shares were trading at $88.37. Since that call, shares of Stamps.Com Inc have fallen 52.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders stamps.com inc

Ticker(s): STMP