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Watch for Alliance Data Systems to Potentially Rebound After Falling 1.01% Yesterday

By David Diaz

Alliance Data Systems (NYSE:ADS) traded in a range yesterday that spanned from a low of $232.81 to a high of $238.53. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $236.66 on volume of 275,000 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 Alliance Data Systems. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Alliance Data Systems in search of a potential trend change.

Alliance Data Systems share prices have moved between a 52-week high of $307.78 and a 52-week low of $176.63 and are now trading 33% above that low price at $234.53 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.8%.

Keywords: rebounders alliance data systems

Ticker(s): ADS