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Watch for Bofi Holding Inc to Potentially Rebound After Falling 2.18% Yesterday

By Nick Russo

Bofi Holding Inc (NYSE:BOFI) traded in a range yesterday that spanned from a low of $26.87 to a high of $27.89. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $27.21 on volume of 414,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Bofi Holding Inc share prices have moved between a 52-week high of $32.57 and a 52-week low of $15.29 and are now trading 76% above that low price at $26.96 per share. The 200-day and 50-day moving averages have moved 0.82% lower and 0.64% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Bofi Holding Inc on June 30th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.37. Since that recommendation, shares of Bofi Holding Inc have risen 12.7%. We continue to monitor BOFI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders bofi holding inc

Ticker(s): BOFI