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Viavi Solutions Falls 2.03% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Viavi Solutions (NASDAQ:VIAV) traded in a range yesterday that spanned from a low of $14.68 to a high of $15.00. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $15.00 on volume of 288,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Viavi Solutions has traded in a range of $9.32 to $16.35 and is now at $14.71, 58% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.3%.

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

Keywords: rebounders viavi solutions

Ticker(s): VIAV