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Watch for Armour Residenti to Potentially Rebound After Falling 2.25% Yesterday

By Shiri Gupta

Armour Residenti (NYSE:ARR) traded in a range yesterday that spanned from a low of $18.27 to a high of $18.69. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $18.44 on volume of 409,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Armour Residentihas traded in a range of $18.27 to $24.07 and are now at $18.27. The 200-day and 50-day moving averages have moved 0.45% lower and 0.45% lower over the past week, respectively.

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

Keywords: rebounders armour residenti

Ticker(s): ARR