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Watch for Equifax Inc to Potentially Rebound After Falling 1.66% Yesterday

By Amy Schwartz

Equifax Inc (NYSE:EFX) traded in a range yesterday that spanned from a low of $102.01 to a high of $103.96. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $102.73 on volume of 233,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Equifax Inc have traded between a low of $90.54 and a high of $138.69 and are now at $102.52, which is 13% above that low price. The 200-day and 50-day moving averages have moved 0.26% lower and 1.37% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Equifax Inc on September 27th, 2018 by issuing a Downtrend alert when the shares were trading at $130.71. Since that call, shares of Equifax Inc have fallen 20.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders equifax inc

Ticker(s): EFX