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Watch for Dillard's to Potentially Rebound After Falling 3.89% Yesterday

By Shiri Gupta

Dillard's (NYSE:DDS) traded in a range yesterday that spanned from a low of $49.97 to a high of $52.29. Yesterday, the shares fell 3.9%, which took the trading range below the 3-day low of $51.04 on volume of 352,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Dillard's on February 22nd, 2017 by issuing a Downtrend alert when the shares were trading at $54.85. Since that call, shares of Dillard's have fallen 4.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Dillard'shas traded in a range of $50.06 to $133.92 and are now at $50.12. The 200-day and 50-day moving averages have moved 0.84% lower and 0.62% lower over the past week, respectively.

Keywords: rebounders dillard's

Ticker(s): DDS