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Viacom Inc-B Falls 1.26% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Viacom Inc-B (NASDAQ:VIAB) traded in a range yesterday that spanned from a low of $23.17 to a high of $23.52. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $23.68 on volume of 2.2 million 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 Viacom Inc-B. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Viacom Inc-B in search of a potential trend change.

In the past 52 weeks, Viacom Inc-B share prices have been bracketed by a low of $20.93 and a high of $31.96 and are now at $23.39, 12% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.2%.

Keywords: rebounders viacom inc-b

Ticker(s): VIAB