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Viavi Solutions Set to Possibly Rebound After Yesterday's Selloff of 1.33%

By James Quinn

Viavi Solutions (NASDAQ:VIAV) traded in a range yesterday that spanned from a low of $12.19 to a high of $12.41. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $12.29 on volume of 862,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Viavi Solutions have traded between a low of $9.11 and a high of $13.48 and are now at $12.25, which is 34% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of Viavi Solutions on January 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.59. Since that recommendation, shares of Viavi Solutions have risen 17.3%. We continue to monitor VIAV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders viavi solutions

Ticker(s): VIAV