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Textron Inc Falls 1.03% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Textron Inc (NYSE:TXT) traded in a range yesterday that spanned from a low of $64.33 to a high of $66.48. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $64.85 on volume of 763,000 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 Textron Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Textron Inc in search of a potential trend change.

Over the past year, Textron Inc has traded in a range of $51.07 to $72.87 and is now at $64.57, 26% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.4%.

Keywords: rebounders Textron Inc

Ticker(s): TXT