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Taubman Centers Set to Possibly Rebound After Yesterday's Selloff of 1.17%

By Nick Russo

Taubman Centers (NYSE:TCO) traded in a range yesterday that spanned from a low of $54.00 to a high of $55.32. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $55.35 on volume of 248,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Taubman Centers. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Taubman Centers in search of a potential trend change.

In the past 52 weeks, shares of Taubman Centers have traded between the current low of $54.00 and a high of $81.68 and are now at $54.74. The 200-day and 50-day moving averages have moved 0.03% higher and 0.30% higher over the past week, respectively.

Keywords: rebounders taubman centers

Ticker(s): TCO