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Watch for Avon Products, Inc. to Potentially Rebound After Falling 2.10% Yesterday

By James Quinn

Avon Products, Inc. (:AVP) traded in a range yesterday that spanned from a low of $4.18 to a high of $4.33. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $4.22 on volume of 1.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Avon Products, Inc. share prices have moved between a 52-week high of $4.88 and a 52-week low of $1.30 and are now trading 222% above that low price at $4.19 per share. The 200-day and 50-day moving averages have moved 1.22% higher and 0.61% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Avon Products, Inc. and will alert subscribers who have AVP in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders :avp Avon Products inc.

Ticker(s): AVP