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Watch for Dana Inc to Potentially Rebound After Falling 2.17% Yesterday

By Nick Russo

Dana Inc (NYSE:DAN) traded in a range yesterday that spanned from a low of $18.02 to a high of $18.08. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $18.43 on volume of 592,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Dana Inc on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.54. Since that recommendation, shares of Dana Inc have risen 18.7%. We continue to monitor DAN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Dana Inc share prices have moved between a 52-week high of $27.24 and a 52-week low of $12.65 and are now trading 43% above that low price at $18.05 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has slid 0.4%.

Keywords: rebounders dana inc

Ticker(s): DAN