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Watch for Etsy Inc to Potentially Rebound After Falling 2.92% Yesterday

By Nick Russo

Etsy Inc (NASDAQ:ETSY) traded in a range yesterday that spanned from a low of $41.73 to a high of $43.71. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $43.00 on volume of 816,000 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 Etsy Inc and will alert subscribers who have ETSY in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Etsy Inc have traded between a low of $8.56 and a high of $44.70 and are now at $42.12, which is 392% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.8%.

Keywords: rebounders etsy inc

Ticker(s): ETSY