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Watch for Cyrusone Inc to Potentially Rebound After Falling 12.08% Yesterday

By Amy Schwartz

Cyrusone Inc (NASDAQ:CONE) traded in a range yesterday that spanned from a low of $65.43 to a high of $66.37. Yesterday, the shares fell 12.1%, which took the trading range below the 3-day low of $67.01 on volume of 98,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

In the past 52 weeks, Cyrusone Inc share prices have been bracketed by a low of $48.94 and a high of $79.65 and are now at $66.39, 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.5%.

Keywords: rebounders cyrusone inc

Ticker(s): CONE