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Watch for Euronet Worldwid to Potentially Rebound After Falling 1.50% Yesterday

By James Quinn

Euronet Worldwid (NASDAQ:EEFT) traded in a range yesterday that spanned from a low of $159.12 to a high of $163.50. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $159.82 on volume of 160,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Euronet Worldwid share prices have moved between a 52-week high of $163.50 and a 52-week low of $79.52 and are now trading 102% above that low price at $160.52 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.8%.

SmarTrend recommended that subscribers consider buying shares of Euronet Worldwid on January 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $104.52. Since that recommendation, shares of Euronet Worldwid have risen 55.9%. We continue to monitor EEFT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders euronet worldwid

Ticker(s): EEFT