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Textron Inc Set to Possibly Rebound After Yesterday's Selloff of 1.03%

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.

Textron Inc share prices have moved between a 52-week high of $72.87 and a 52-week low of $51.07 and are now trading 26% above that low price at $64.57 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

Keywords: rebounders Textron Inc

Ticker(s): TXT