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United Natural Set to Possibly Rebound After Yesterday's Selloff of 2.22%

By Shiri Gupta

United Natural (NASDAQ:UNFI) traded in a range yesterday that spanned from a low of $27.10 to a high of $28.01. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $27.19 on volume of 1.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, United Naturalhas traded in a range of $27.10 to $52.69 and are now at $27.22. The 200-day and 50-day moving averages have moved 1.02% lower and 0.86% lower over the past week, respectively.

SmarTrend is tracking the current trend status for United Natural and will alert subscribers who have UNFI in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders united natural

Ticker(s): UNFI