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Twenty-First - B Set to Possibly Rebound After Yesterday's Selloff of 1.14%

By David Diaz

Twenty-First - B (NASDAQ:FOX) traded in a range yesterday that spanned from a low of $27.15 to a high of $27.72. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $27.23 on volume of 869,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Twenty-First - B has traded in a range of $23.88 to $31.94 and is now at $27.20, 14% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Twenty-First - B on April 28th, 2017 by issuing a Downtrend alert when the shares were trading at $29.81. Since that call, shares of Twenty-First - B have fallen 7.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders twenty-first - b

Ticker(s): FOX