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Watch for Cullen/Frost to Potentially Rebound After Falling 3.10% Yesterday

By James Quinn

Cullen/Frost (NYSE:CFR) traded in a range yesterday that spanned from a low of $98.19 to a high of $102.79. Yesterday, the shares fell 3.1%, which took the trading range below the 3-day low of $101.34 on volume of 282,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Cullen/Frost share prices have been bracketed by a low of $92.03 and a high of $121.66 and are now at $98.45, 7% above that low price. The 200-day and 50-day moving averages have moved 0.15% higher and 0.51% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Cullen/Frost on August 31st, 2018 by issuing a Downtrend alert when the shares were trading at $110.75. Since that call, shares of Cullen/Frost have fallen 8.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders cullen/frost

Ticker(s): CFR