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Virtu Financia-A Falls 1.46% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Virtu Financia-A (NASDAQ:VIRT) traded in a range yesterday that spanned from a low of $24.03 to a high of $24.62. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $24.19 on volume of 158,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Virtu Financia-A share prices have moved between a 52-week high of $37.85 and a 52-week low of $19.65 and are now trading 23% above that low price at $24.26 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.3%.

SmarTrend is tracking the current trend status for Virtu Financia-A and will alert subscribers who have VIRT in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders virtu financia-a

Ticker(s): VIRT