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Watch for Alliance Data to Potentially Rebound After Falling 1.04% Yesterday

By Nick Russo

Alliance Data (NYSE:ADS) traded in a range yesterday that spanned from a low of $149.77 to a high of $151.50. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $150.00 on volume of 867,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Alliance Data on July 3rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $146.03. Since that recommendation, shares of Alliance Data have risen 4.4%. We continue to monitor ADS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Alliance Data has traded in a range of $133.56 to $250.27 and is now at $151.23, 13% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.5%.

Keywords: rebounders alliance data

Ticker(s): ADS